Trump demands Intel’s Lip-Bu Tan resign amid alleged Chinese military

Trump calls for Intel’s Lip-Bu Tan resign amid alleged Chinese army

President Trump called on new Intel CEO Lip-Bu Tan to right away resign amid allegations of getting monetary ties to the Chinese army — sending shares of the struggling US chipmaker decrease Thursday.

“The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem,” Trump wrote in a put up on his Truth Social platform Thursday morning.

Intel didn’t instantly reply to The Post’s request for remark.

Lip-Bu Tan took over as Intel’s chief govt officer earlier this yr. REUTERS

Intel shares dropped practically 2% after the opening bell.

Tan, who was born in Malaysia and grew up in Singapore, took the helm at Intel in March after the software program large ousted Pat Gelsinger following dismal earnings and a number of other rounds of layoffs.

Last yr, the corporate was awarded $8.5 billion from the Biden administration’s CHIPS Act under the Secure Enclave program, a nationwide safety initiative to make safe microchips for protection and intelligence functions.

The funding was later slashed by more than $600 million to about $7.85 billion however Intel still ranks as one of many top corporations receiving the most federal funding.

Trump’s name for Tan to step apart comes on the heels of a letter despatched to Intel’s board on Wednesday by Sen. Tom Cotton (R-Ark.) in search of info on Tan’s investments in companies tied to the Chinese army and a legal case involving his former employer, Cadence Design.

Cotton, the chair of the Senate Intelligence Committee, wrote he’s involved “about the security and integrity of Intel’s operations and its potential impact on US national security,” within the missive to Intel Chairman Frank Leary, according to a replica obtained by The Post.

A Reuters report earlier this yr claimed Tan invested no less than $200 million across lots of of Chinese companies – some with hyperlinks to the army and the Chinese Communist Party – between March 2012 and December 2024.

President Trump called on Intel CEO Lip-Bu Tan to resign. REUTERS

“Intel and Mr. Tan are deeply committed to the national security of the United States and the integrity of our role in the US defense ecosystem,” an Intel spokesperson told The Post on Wednesday.

Cotton argued that Intel – as a major recipient of presidency grants – is “required to be a responsible steward of American taxpayer dollars and to comply with applicable security regulations.”

“Mr. Tan’s associations raise questions about Intel’s ability to fulfill these obligations,” he added.

Tan’s former employer Cadence Design last week agreed to pay more than $140 million to settle expenses that it bought its chips to a Chinese army establishment, according to a Reuters report.

Those gross sales happened during Tan’s tenure as CEO from 2008 to 2021.

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