Trump calls on Intel CEO to resign


FILE PHOTO: Intel's CEO Lip-Bu Tan speaks at the company's Annual Manufacturing Technology Conference in San Jose, California, U.S. April 29, 2025. REUTERS/Laure Andrillon/File Photo

(Reuters) -U.S. President Donald Trump called for the immediate resignation of Intel's new CEO, Lip-Bu Tan, saying he was "highly conflicted" after questions arose about his ties to Chinese firms and sparking doubts over the future of the American chip-making icon.

"There is no other solution to this problem," Trump said in a post on his Truth Social platform, knocking shares of Intel down nearly 5% in premarket trading.

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