Intel CEO Responds To Trump's Call For Resignation Over China Ties, Says Board 'Fully Supportive:' 'My Reputation Has Been...'
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Intel CEO Lip-Bu Tan has responded to President Trump's call for his resignation over alleged ties to China, asserting his commitment to U.S. interests and Intel's success. In a letter to employees, he defended his reputation and emphasized the board's support for the company's strategy. Tan acknowledged concerns raised by the Trump administration regarding national security and Intel's federal grant under the CHIPS Act. Amid these challenges, Intel's stock has seen a decline, dropping 3.14% recently and 16.19% over the past month.
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