Intel’s CEO, Lip-Bu Tan, is reportedly scheduled to visit the White House today following President Trump’s call for his resignation last week. Tan is expected to have an in-depth conversation with Trump while aiming to explain his personal and professional background.
Trump’s demand for Tan to step down came at the same time as Senator Tom Cotton raised concerns about the new CEO’s possible connections to Chinese companies.
In a letter to Intel’s Board Chair, Cotton discussed a recent legal case involving Tan’s former employer, Cadence Design.
Cotton wrote: “In March 2025, Intel appointed Lip-Bu Tan as its new CEO. Mr. Tan reportedly controls dozens of Chinese companies and has a stake in hundreds of Chinese advanced-manufacturing and chip firms. At least eight of these companies reportedly have ties to the Chinese People’s Liberation Army.”
“Intel is required to be a responsible steward of American taxpayer dollars and to comply with applicable security regulations. Mr. Tan’s associations raise questions about Intel’s ability to fulfill these obligations.”
Cotton also asked Intel chairperson Frank Yeary whether the company’s board was aware of the subpoenas sent to Cadence during Tan’s tenure as CEO, before Intel hired him, and if so, what steps were taken to address those concerns.
Following Cotton’s letter, President Trump posted on Truth Social: “The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem. Thank you for your attention to this problem!”
Responding to Trump’s comments, Tan wrote a letter to employees stating: ″I want to be absolutely clear: Over 40+ years in the industry, I’ve built relationships around the world and across our diverse ecosystem – and I have always operated within the highest legal and ethical standards.”
“We are engaging with the Administration to address the matters that have been raised and ensure they have the facts. I fully share the President’s commitment to advancing U.S. national and economic security, I appreciate his leadership to advance these priorities, and I’m proud to lead a company that is so central to these goals.”
Intel stock increased by over 1% following reports of the upcoming White House meeting.
By CEO NA Editorial Staff
