Government and Politics
Trump Calls For Intel CEO Lip-Bu Tan’s Resignation Over Alleged China Links
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AI Summary
US President Trump called for Intel CEO Lip-Bu Tan's resignation, citing "problematic" ties to China and investments in Chinese firms linked to the military. Tan, a Malaysian-born Singaporean, took over Intel in March. Trump's criticism follows Senator Tom Cotton's concerns about Tan's leadership given Cadence Design Systems', Tan's former company, 2024 guilty plea related to illegal technology transfer to a Chinese military university. Intel defended Tan, emphasizing their commitment to US national security and investments aligned with the "America First" agenda. Intel's shares dropped after Trump's remarks.
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