Intel CEO Lip-Bu Tan Responds To Trump; Company Will Engage With US Govt To Address Concerns

AI Summary

Intel CEO Lip-Bu Tan has refuted US President Trump's resignation calls, denying allegations of conflicting business ties with Chinese companies. In an internal letter, Tan defended his ethical conduct throughout his career, emphasizing his commitment to US national security. He assured employees of Intel's engagement with the White House to clarify the situation and reiterated the board's support for his leadership amidst the company's turnaround plan. Tan's response follows Trump's accusations and Senator Tom Cotton's concerns, which impacted Intel's share price.