Overview

• President Donald Trump issued a Truth Social post on August 7 calling for Tan’s immediate departure over alleged conflicts of interest tied to his past investments in Chinese firms.
• Senator Tom Cotton earlier sent a letter to the Intel board citing Tan’s links to hundreds of Chinese companies and Cadence’s recent export‐control settlement as national security concerns.
• Intel announced it will engage directly with Senator Cotton to clarify the raised issues and emphasized its and Tan’s adherence to U.S. security requirements.
• In premarket trading, Intel’s share price initially rose on Trump’s statement but later swung sharply downward as investors weighed political risks.
• The board must submit a formal response by mid-August or face intensified scrutiny from lawmakers and market observers.