Overview

• President Trump demanded Lip-Bu Tan’s immediate resignation on Truth Social, branding him “highly conflictuado.”
• The demand followed Senator Tom Cotton’s letter to Intel’s board highlighting Tan’s ties to dozens of Chinese semiconductor companies, including at least eight linked to the Chinese military.
• Intel shares plunged more than 4% in pre-market trading, reflecting investor worries over corporate governance and security risks.
• Tan remains in position and countered in an employee memo that much of the reporting is misinformation, pledging full cooperation with the administration.
• Regulators and lawmakers are probing Tan’s leadership at Cadence Design and his Chinese investments, intensifying uncertainty about Intel’s governance.