President Donald Trump has publicly demanded the resignation of Intel CEO Lip-Bu Tan, citing alleged ties to Chinese companies linked to China’s military. Trump labeled Tan “highly conflicted” in a social media post, an unusual move for a sitting president to make against a corporate leader.
Appointed in March to revive the struggling U.S. chip giant, Tan is a seasoned venture capitalist with deep experience in semiconductors. While Intel has secured billions in U.S. government funding to boost domestic chip production, recent investor updates revealed plans to scale back U.S. manufacturing due to weaker demand. The firm has also laid off thousands in a bid to streamline operations.
Trump’s attack followed reports, including a 2024 congressional probe and a Reuters investigation, highlighting Tan’s investments—totalling over $200 million—into Chinese firms, some with military ties. Though not illegal, such links have raised national security concerns.
Intel defended Tan, stating he and the company remain committed to U.S. interests. However, shares dropped over 3% after Trump’s remarks. Experts suggest the criticism may reflect broader tensions over Intel’s U.S. investment strategy and possible ties with Taiwanese chipmaker TSMC. Trump’s approach reflects his aggressive style in pressuring business leaders on national priorities.