Overview

• President Trump posted on Truth Social on August 7 that “The CEO of INTEL is highly CONFLICTED and must resign, immediately,” targeting CEO Lip-Bu Tan’s past China connections.
• Intel shares fell about 5% in premarket trading after Trump’s demand, marking another swing in the company’s volatile stock this year.
• Sen. Tom Cotton wrote to Intel board chair Frank Yeary on August 6 expressing security concerns over Tan’s investments in Chinese firms and setting an August 15 deadline for responses.
• Reports indicate that Tan invested more than $200 million across hundreds of Chinese advanced manufacturing and semiconductor companies, some linked to the Chinese Communist Party and military.
• Intel maintains that both the company and CEO Tan are committed to U.S. national security and plans to address Cotton’s queries in its board response by the mid-August deadline.