Intel Shares Plunge 5% as Trump Calls for CEO Resignation Over China Ties
Friday, 8 August 2025 () 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 tensions. This follows Pat Gelsinger's 2024 exit and highlights Intel's ongoing leadership woes and market struggles. The episode underscores geopolitical risks in the semiconductor industry.
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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... IndiaTimes
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
It is worth noting that in April this year, a report came out which said that Tan or his venture firms have invested about $ 2 billion in several advanced chip... Zee News
Friday, 8 August 2025 ()
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