Intel CEO Faces Political Storm as Trump Demands Resignation Over China Ties

Intel CEO Lip-Bu Tan will meet with U.S. President Donald TRUMP at the White House on Monday following a public demand for his resignation. The confrontation stems from Trump's accusations that Tan's extensive investment ties to Chinese tech firms—some allegedly linked to China's military—create a conflict of interest. "American technology must be led by loyal Americans," Trump declared at a Michigan rally, framing the issue as a national security imperative.

The unprecedented presidential rebuke sent shockwaves through Wall Street, with Intel shares plunging over 3% within hours. Analysts describe the MOVE as one of the most aggressive political interventions in the U.S. tech sector in recent memory. The controversy erupts as Intel battles fierce competition from Asian chipmakers TSMC and Samsung, while Washington escalates its semiconductor trade war with Beijing.

Tan, a Malaysian-born executive, has countered the criticism and maintains his leadership position. The WHITE House meeting could determine whether geopolitical tensions override corporate governance at one of America's most iconic tech firms.