Overview

• President Trump renewed calls on Truth Social for Lip-Bu Tan to resign, citing his historical investments in Chinese semiconductor firms as a security risk.
• Trump threatened to impose 100% tariffs on imported chips to compel U.S. companies to commit to domestic production of critical components.
• In a letter to Intel employees, Tan denied misinformation about his past roles at Cadence Design Systems and Walden International, affirming his adherence to the highest legal and ethical standards.
• Tan confirmed that Intel is in active talks with the administration to address concerns over his China investments and reassure national security stakeholders.
• An ongoing power struggle persists at Intel’s boardroom over whether to keep its manufacturing operations in-house or spin off its foundry business.