Intel’s CEO Lip-Bu Tan on Aug. 7 said the company is engaging with the Trump administration after President Donald Trump called for Tan’s resignation over his alleged ties to Chinese companies with military backgrounds.
Tan, a chip veteran and prolific investor, took the reins of Intel in March as the embattled chipmaker tries to regain territory from its competitors.
Trump on Aug. 7 called for Tan’s immediate resignation, after Senate Intelligence Committee Chairman Tom Cotton (R-Ark.) raised concerns over Tan’s history of investing in Chinese companies, including those with alleged ties to the People’s Liberation Army (PLA), via Walden International; and over his tenure at Cadence Design Systems, which pleaded guilty in July to unauthorized selling of controlled chip design tools to a Chinese military university between 2015 and 2021, when Tan was CEO of the company….