Close Menu
  • Home
  • AI & Technology
  • Politics
  • Business
  • Cryptocurrency
  • Sports
  • Finance
  • Fitness
  • Gadgets
  • World
  • Marketing

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Trump’s Air Force denies retirement pay to ex-trans service members

August 7, 2025

WeightWatchers Adds SoulCycle’s Julie Rice, Acquires Her Startup Peoplehood

August 7, 2025

Trump Plans 100% Tariff on Computer Chips, Offers Exemptions for U.S. Investment

August 7, 2025
Facebook X (Twitter) Instagram
  • Home
  • About US
  • Advertise
  • Contact US
  • DMCA
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram
MNK NewsMNK News
  • Home
  • AI & Technology
  • Politics
  • Business
  • Cryptocurrency
  • Sports
  • Finance
  • Fitness
  • Gadgets
  • World
  • Marketing
MNK NewsMNK News
Home » ‘Resign, Immediately:’ Trump Calls on Intel CEO Lip-Bu Tan to Step Down over China Ties
AI & Technology

‘Resign, Immediately:’ Trump Calls on Intel CEO Lip-Bu Tan to Step Down over China Ties

MNK NewsBy MNK NewsAugust 7, 2025No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


President Donald Trump has called on Intel CEO Lip-Bu Tan to resign because of his past ties to China, the latest challenge to hit the troubled chip maker.

The Wall Street Journal reports that President Donald Trump has demanded the resignation of Intel CEO Lip-Bu Tan over his ties to China, adding to the challenges facing the struggling chipmaker. In a post on his Truth Social platform on Thursday, Trump stated, “The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem.”

Trump’s call for Tan’s resignation comes on the heels of scrutiny from Republican Senator Tom Cotton of Arkansas. Earlier this week, Cotton penned an open letter to Intel’s board, questioning Tan’s connections to the Chinese government, including apparent links to the country’s military and investments in other semiconductor companies.

Cotton, who chairs the Intelligence Committee and holds a senior position in Republican leadership, expressed concerns about Tan’s longtime role as CEO of Silicon Valley software company Cadence Design Systems. Cadence recently agreed to pay $140 million for violating U.S. export restrictions by selling to China’s National University of Defense Technology.

In his letter, Cotton emphasized that companies receiving government grants, such as Intel, which is set to receive billions in federal funding to boost domestic chip production in Ohio, must be responsible stewards of taxpayer dollars and adhere to strict security regulations. He called on Intel’s board to provide Congress with an explanation regarding Tan’s ties to China.

Intel has defended Tan and dismissed suggestions that the company poses a threat to U.S. national security. Tan, who took over as CEO in March, has been tasked with turning the company around by cutting costs and improving performance in existing business lines. However, his previous ties to China as a venture capitalist who invested in Chinese tech companies before entering the semiconductor industry have invited scrutiny from lawmakers.

Intel’s challenges have not gone unnoticed by the Trump administration. The company has delayed its Ohio manufacturing project after struggling to keep pace with competitors in the AI race and shore up its finances. Some administration officials have grown frustrated with Intel’s difficulties and are reconsidering their collaboration with the company.

Breitbart News has previously reported on a series of layoffs Intel has undertaken, slashing a considerable percentage of its workforce as it tries to regain its competitive advantage:

Intel, the world’s largest semiconductor manufacturer, revealed Thursday that it is nearing completion of a sweeping round of layoffs that will see its workforce shrink by approximately 22 percent compared to mid-2025 levels. The company, which employed around 96,000 people at the end of June, expects to lay off around 24,000 employees, finishing the year with about 75,000 after accounting for job cuts, attrition, and the sale of its Altera programmable chip business.

These cuts are part of a broader effort by CEO Lip-Bu Tan to streamline operations and drive efficiency at every level. In a note to employees, Tan acknowledged the difficulty of the past months, stating, “We are making hard but necessary decisions to streamline the organization, drive greater efficiency and increase accountability at every level of the company.” The layoffs, which began earlier this summer, have already impacted thousands in Oregon — Intel’s largest global site — where the local workforce now stands at its lowest point in a decade at around 17,600.

Read more at the Wall Street Journal here.

Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship.





Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
MNK News
  • Website

Related Posts

Trump Plans 100% Tariff on Computer Chips, Offers Exemptions for U.S. Investment

August 7, 2025

Court Documents Reveal the Extent of Uber’s Sexual Assault and Harassment Problem

August 7, 2025

Google Suffers Data Breach at Hands of Hacking Group ‘ShinyHunters’

August 7, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Cricketer Haider Ali suspended by PCB amid UK police investigation – Pakistan

August 7, 2025

Veteran’s T20 World Cup rescheduled to Nov 21-Dec 1 – Sport

August 7, 2025

Pakistan squash players to make World Games debut – Sport

August 7, 2025

Naomi Osaka sails into Canadian Open semis, Shelton knocks out De Minaur – Sport

August 7, 2025
Our Picks

5 Key Things To Watch Out For As The Bull Market Unfolds

August 7, 2025

Франция запускает майнинг биткоина на ядерной энергии

August 7, 2025

Bitcoin STH Realized Price Signals Fragile Support: Correction Risk Intensifies

August 7, 2025

Recent Posts

  • Trump’s Air Force denies retirement pay to ex-trans service members
  • WeightWatchers Adds SoulCycle’s Julie Rice, Acquires Her Startup Peoplehood
  • Trump Plans 100% Tariff on Computer Chips, Offers Exemptions for U.S. Investment
  • Actually, AI in Search is driving more queries and higher quality clicks
  • ‘Resign, Immediately:’ Trump Calls on Intel CEO Lip-Bu Tan to Step Down over China Ties

Recent Comments

No comments to show.
MNK News
Facebook X (Twitter) Instagram Pinterest Vimeo YouTube
  • Home
  • About US
  • Advertise
  • Contact US
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 mnknews. Designed by mnknews.

Type above and press Enter to search. Press Esc to cancel.