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Searched Tag: trump asks for intel ceo s resignation

The government’s stake in Intel will be through the conversion of $11.1 billion in previously issued funds and pledges, giving it a gain of $1.9 billion already, on paper

Trump admin enters corporate affairs with 10 pc stake in Intel

August 23, 2025, 02:30 PM - 6 min read

US President Donald Trump announced on social media on Friday that his government has decided to convert $11.1 billion in previously issued funds and pledges into 10 per cent stake in American tech firm, Intel

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Cotton had also sent a letter to Intel’s board chair that mentioned concerns about Tan’s involvement with Chinese firms and a recent criminal case involving his former firm, Cadence Design, where Tan was the CEO from 2009-2021

Intel CEO addresses ‘misinformation’ about China ties

August 8, 2025, 02:45 PM - 3 min read

US President Donald Trump had made a rare presidential intervention in corporate leadership when he asked Intel CEO Lip-Bu Tan to resign “immediately” over his suspected China ties; Trump had also called him highly “conflicted”

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