U.S. President Donald Trump on social network TruthSocial demanded that Intel CEO Lip-Bu Tan, appointed to the post in March, resign due to a "serious conflict of interest."
"Intel's CEO is in a serious conflict of interest and should resign immediately. There is no other solution to this problem," Trump wrote.
Intel shares fell more than 4% in premarket trading.
The day before, it became known that Republican Senator Tom Cotton sent a letter to Intel's chairman with questions about the company's new CEO's ties to Chinese entities, wrote Reuters.
The occasion was Tan's investments in Chinese semiconductor companies, including those linked to China's military, and the case against his former company Cadence Design, which last week agreed to pay $140 million for selling technology to a Chinese military university.
Cotton demanded clarification on whether Tan disclosed all of his interests when he was appointed to Intel, especially given the company's participation in the government's Secure Enclave program to protect U.S. defense supplies. Intel said it and its CEO are committed to national security interests and are willing to discuss the issues raised.
This article was AI-translated and verified by a human editor
