'CEO of INTEL is highly CONFLICTED': Chipmaker's shares plunge over 3% after Donald Trump calls for Lip-Bu Tan's resignation; alleges ties to China
Thursday, 7 August 2025 () Intel's shares declined after Donald Trump urged CEO Lip-Bu Tan to resign, citing conflicts of interest due to alleged ties to China. Senator Tom Cotton also raised concerns about Tan's connections to Chinese firms, some with links to China's military. This controversy impacts Intel, a major beneficiary of the CHIPS Act, as it undergoes restructuring amid market challenges.
U.S. President Donald Trump was left scrambling when asked if the United States still imports uranium and fertilisers from Russia—despite threatening India over its purchases of Russian crude oil. “I don’t know anything about it,” Trump said, dodging the question during a press briefing. His...
President Donald Trump has issued a bold ultimatum to Middle Eastern nations: mend ties with Israel or face diplomatic isolation. In a fiery address, Trump pushed for wider adoption of the Abraham..
President Donald Trump has unveiled Apple’s staggering $100 billion expansion plan in the U.S., raising its total investment pledge to $600 billion over the next four years. The Oval Office..
President Trump has signed an executive order imposing a 25% "penalty" tariff on India for purchasing Russian oil—while taking a noticeably softer stance on China. Despite U.S. dependency on Chinese..
Trump calls for Intel boss to resign immediately, alleging China ties President Donald Trump has called on the head of US chipmaker Intel to resign... Upworthy
Intel's shares fell over 5% on August 7, 2025, after President Trump demanded interim CEO Lip-Bu Tan's resignation over alleged Chinese ties, amid US-China tech... WebProNews
Intel has been hit by a new and potentially serious blow, with US President Donald Trump demanding the immediate resignation of its new CEO Lip-Bu Tan. The call... Upworthy
Thursday, 7 August 2025 ()
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