US President Donald Trump Demands Immediate Resignation Of Intel CEO Amid China Connection Controversy | World News
US President Donald Trump seems to have created tension with a few brave moves globally. Recently, it has increased the total tariff, which has been widely criticized in India and internationally, to 50 percent, increasing tariffs on Indian goods at a rate of 25 percent. When Trump created a new storm by demanding the immediate resignation of Intel CEO Lip-Bu Tan, the disagreement of trade policies was still boiling. This unexpected demand increased the IT industry and fueled the ongoing discussions on Trump’s aggressive and unusual approach to global trade and diplomacy.
US President Donald Trump, in an article on the social media platform, real Social, “Intel’s CEO is extremely confused and should resign immediately. There is no other solution to this problem. Thank you for paying attention to this problem!”
Intel shares fall
After Trump’s statement, Intel shares began to decrease. Intel shares fell. So far, there has been a decrease of approximately 5% in pre -market transactions.
US senator brought questions raised
Recently, US senator Tom Cotton wrote a letter to Lip this Tan’s relationship with Chinese companies. In this letter, he questioned Tan’s relationship with China’s semiconductor companies with the Communist Party and his relationship with the army. Not only that, in his Cotton letter, Intel said that an $ 8 billion fund was given from the US government in accordance with the Chips Law. In such a case, the CEO of the company becomes a concern for the security of the country. However, Trump now asked Tan to resign immediately.
Tan’s Chinese connection
In April this year, a report said that Tan or initiative companies invested about 2 billion dollars in several advanced chipsets and manufacturing companies in China. Most of these companies are related to the Chinese army. On the other hand, the sources claimed that Tan has now been withdrawn from these companies. However, now, questions are asked about his relationship with China.
