During an event of the White House, President Trump and Nvidia CEO Jensen Huang announced to produce AI Superchips in the US, part of a major investment of $ 500 billion focused on securing American technical dominance.
President Donald Trump immediately called Intel CEO LIP-BU TAN on Thursday after Republicans of the Senate have expressed concern about his ties with Chinese companies and a criminal case involving his former company.
“The CEO of Intel is very in conflict and has to resign immediately. There is no other solution to this problem. Thank you for your attention to this problem!” Trump placed socially on truth.
His position came shortly after the American Republican Senator Tom Cotton sent a letter to the company’s chairman of the board to “express their concern about the safety and integrity of Intel’s activities and its potential impact on American national security.”
In the letter, first reported by Reuters, the senator asked a number of questions, including whether the board of the company was aware of the summons sent to Cadans Design Systems when Tan CEO was before Intel accepted him and what measures were taken to tackle those worries.
Intel’s new CEO has the task of turning chip giant
LIP-BU TAN, Chief Executive Officer of Intel Corp., during a press conference on the sidelines of the Computex conference in Taipei, Taiwan, on Monday 19 May 2025. (Annabelle Chih / Bloomberg via Getty Images / Getty images)
Cotton also raised questions about whether the board of Intel Tan had demanded that he was sucking off chip companies in China, coupled to the Chinese military or communist party, and whether Tan had announced other ties with Chinese companies for the involvement of Intel at the Secure Enclave program, which has gathered the inland stock of advanced stock.
A month after Tan was tapped to lead the company, Reuters reported that Tan had invested in hundreds of Chinese companies directly or via venture funds he founded or operated in hundreds of Chinese companies, some of which had ties with the Chinese army. He also invested hundreds of millions in Chinese advanced production and chip companies between March 2012 and December 2024, Reuters reported. A source told Reuters in April that Tan had repelled from his positions, although the degree of his rejections had not been verified at the time.
LIP-BU TAN, Chief Executive Officer of Intel Corp., during a press conference on the sidelines of the Computex conference in Taipei, Taiwan, on Monday 19 May 2025. (Annabelle Chih / Bloomberg via Getty Images / Getty images)
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Intel said Reuters that the company and its chief executive are “deeply committed to the national security of the United States and the integrity of our role in the US Defense Ecosystem”. Intel said it would answer the questions directly with the senator.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| Intc | Intel Corp. | 19.77 | -0.64 |
-3.13% |
In March, Tan was appointed CEO of Intel, successor to Interim-Coos David Ziner and Michelle Johnston Holthaus, after the abrupt departure of the previous Chief Executive in December in the midst of the continuous reversal efforts of the company.
Tan, described by Intel as ‘an experienced technology leader with the in -depth experience in industry in industry’, also added to the board of the company.
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Intel CEO LIP-BU TAN (Businesswire/Intel)
He used to serve from 2009 to 2021 as CEO of Cadans Design Systems, where he was credited to lead a reinvention of the company and the management of a “cultural transformation focused on customer -oriented innovation,” says Intel.
During his time at Cadans, the company doubled more than its income, expanded operational margins and delivered a share price rating of more than 3,200%. Tan also served almost two decades as a member of the board of directors.
However, he was asked to lead one of the world’s largest semiconductor chip manufacturers, while it stands for an attack of challenges in the very competitive sector.
Intel’s former CEO Pat Gelsinger resigned in December 2024 before the company completed a four-year Turnaround plan to get a lead over Rivals Nvidia and Taiwan Semiconductor Manufacturing Co.
