Bitcoin

Intel Stocks Plummet 5% Amid CEO Resignation Demand & Trump Tariff Threat

After President Donald Trump publicly called for the resignation of the CEO of Intel, citing credible security risks for the United States, Intel’s actions took a hit. Trump highlighted Lip-Bu Tan links with Chinese semiconductor companies as the main reason for his request.

Trump wrote in a social article of truth, “Lip-Bu Tan, who is the Director General of Intel, is more than conflicting and must”. This step was preceded by an increased pressure on politicians from, in particular, Senator Tom Cotton, who drew attention to the fact that Tan had previously invested in Chinese technological companies, including Cadence Design Systems.

Senator Cotton spoke to an official letter to the Chairman of the Board of Directors of Intel, weighing the company with a tan on links with companies which are considered to have violated American export controls. The creeped design systems under Tan had been guilty and pleaded guilty of having sold products to the National University of Defense Technology, a military institution in China.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button