U.S. President Calls for Intel CEO's Resignation Over China Ties

President Trump has called for Intel CEO Lip-Bu Tan's resignation over investments in Chinese firms linked to the military. The demand follows concerns raised by Senator Tom Cotton about Tan's conflicts of interest. Trump’s intervention has prompted debates on the role of presidents in corporate governance.

U.S. President Donald Trump has issued a call for the immediate resignation of Intel's CEO Lip-Bu Tan, citing conflicts of interest due to Tan's investments in Chinese firms, some connected to the military, as reported exclusively by Reuters in April.

Republican Senator Tom Cotton had previously raised these concerns, sending a letter to Intel's board chairman. Trump's intervention, made on his social media platform Truth Social, caused a nearly 3% dip in Intel shares, highlighting the unusual nature of a president demanding a CEO's ouster.

Analysts and investors have weighed in on the situation, noting Trump's serious stance on bringing business back to the U.S. while debating the implications of political involvement in corporate leadership decisions.

(With inputs from agencies.)