Former US President Donald Trump is once again making headlines, this time by calling for the resignation of Intel CEO Lip-Bu Tan. This demand comes amid ongoing trade disputes and is fueled by concerns over Tan’s alleged connections to China.
The core of the dispute revolves around investments made by Tan in Chinese chip companies, some of which are reportedly linked to the Chinese military. This has prompted Trump to label Tan as “highly controversial” and to insist on his departure from Intel.
Reports indicate that Tan invested a substantial sum of money in hundreds of Chinese chip companies. This has led to scrutiny and criticism from Trump, who views these connections as problematic.
The repercussions of Trump’s statements were immediately felt in the stock market. Intel’s shares experienced a notable drop, signaling the impact of the controversy on the company’s financial standing.
Lip-Bu Tan, who became Intel’s CEO in March 2025, is also the founder and chairman of Walden International. His previous experience includes leading Cadence Design Systems. Tan’s career spans various high-profile technology firms, including Hewlett Packard Enterprise and Schneider Electric.