Donald Trump has publicly demanded the resignation of Intel CEO Lip-Bu Tan, labeling him "highly conflicted" due to his ties to Chinese companies, stirring significant concern over national security.
Tan, facing scrutiny for his extensive investments in China, remains adamant about his leadership, asserting he operates within legal and ethical standards and has the full backing of Intel’s board.
The controversy has triggered a notable decline in Intel's stock, reflecting investor anxiety about potential instability amid competing leadership opinions.
Support for Tan is emerging from influential figures like Michael Moritz of Sequoia Capital, who urges the tech giant to stand firm against political pressures.
In response to misinformation regarding his background, Tan is actively engaging with the Trump administration to clarify his past roles and dispel concerns.
This unfolding drama highlights the growing tensions between U.S. businesses and their international affiliations, particularly within the volatile landscape of tech and geopolitics.