Intel CEO Lip-Bu Tan calls out ‘misinformation’ after Trump demands he

Intel CEO Lip-Bu Tan calls out ‘misinformation’ after Trump calls for he

Embattled Intel CEO Lip-Bu Tan pushed again on “misinformation” over his alleged monetary ties to China after President Trump called on him to resign over a possible battle of curiosity.

“I want to be absolutely clear: Over 40+ years in the industry, I’ve built relationships around the world and across our diverse ecosystem – and I have always operated within the highest legal and ethical standards,” Tan wrote within the letter to Intel staffers on Thursday. 

He went on to say that the corporate — which last 12 months was awarded $8.5 billion under the Biden administration’s CHIPS Act — is working with the Trump administration to handle the problems being raised.

Intel CEO Lip-Bu Tan despatched a letter to all staffers on Thursday reacting to “misinformation” within the news. REUTERS

Tan has come under fireplace from each Trump and Sen. Tom Cotton, the chair of the Senate Intelligence Committee, over the Intel chief’s past investments in Chinese firms with ties to the Beijing and the army.

In a put up on his Truth Social platform Thursday morning, Trump wrote that Tan is “highly CONFLICTED and must resign, immediately.”

That missive got here a day after Cotton (R-Ark.) despatched a letter to Intel Chairman Frank Yeary demanding solutions about Tan’s monetary dealings because he’s involved “about the security and integrity of Intel’s operations and its potential impact on US national security.”

A Reuters report earlier this 12 months claimed Tan invested at the very least $200 million across a whole lot of Chinese companies – some with hyperlinks to the army – between March 2012 and December 2024. 

Cotton also raised considerations over Tan’s tenure as CEO at Cadence Design, which last week agreed to pay more than $140 million to settle prices that it bought chips to a Chinese army establishment, according to Reuters.

In Tan’s memo Thursday, he said that Intel’s board is “fully supportive.”

However, the beleaguered boss has been emroiled an influence wrestle with Intel’s board since taking over as CEO in March, sources aware of the matter told the Wall Street Journal.

President Trump speaks at an event within the White House on Thursday. AP

The crux of the tensions revolves round whether or not Intel ought to continue to fabricate its personal chips or exit the enterprise completely to chop down on prices, according to the report.

While Tan has pushed to maintain Intel’s personal manufacturing in place, some board members, led by Yeary, try to spin off or promote the money-losing unit, sources said.

Yeary has even held talks with Nvidia and Amazon about shopping for items of the enterprise, and explored a possible sale to chipmaker TSMC, according to the Journal.

Tan, who was born in Malaysia and grew up in Singapore, changed ousted CEO Pat Gelsinger following dismal earnings and a number of other rounds of layoffs.

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