Intel shares drop after Trump calls for CEO to resign immediately

Intel shares fell Thursday after President Trump called for CEO Lip-Bu Tan to resign, citing conflicts of interest.

Trump’s demand follows criticism from Sen. Tom Cotton over Tan’s past ties to Chinese companies and a previous criminal case involving Cadence Design, where Tan was CEO.

Intel defended its leadership, highlighting its major investments in U.S. semiconductor manufacturing, CNBC has reported.

Tan, appointed in March, recently announced spending cuts and project delays, including halting factory plans in Germany and Poland and scaling back operations in Asia and Ohio.

read more: https://www.cnbc.com/2025/08/07/intel-ceo-trump-lip-bu-tan.html

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