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Intel shares drop after Trump calls for CEO to resign immediately

cnbc.com Fred Imbert 2025-08-14 20:48:41

Intel's CEO Lip-Bu Tan speaks at the company's Annual Manufacturing Technology Conference in San Jose, California, U.S. April 29, 2025. Intel shares slipped Thursday after President Donald Trump called for the chipmaker's CEO to resign immediately. In a Truth Social post, Trump said Intel Chief Executive Lip-Bu Tan "is highly CONFLICTED and must resign, immediately. There is no other solution to this problem." Intel did not immediately respond to a request for comment. Tan was named as Intel

Topics: ceo chipmaker immediately intel tan
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US chipmakers could see bigger tax credits if Trump’s spending bill passes

techcrunch.com Rebecca Szkutak 2025-10-12 12:57:47

In Brief The semiconductor industry could see a big tax benefit if the Trump administration is able to pass the current version of its spending bill. The latest draft of the Trump administration’s “Big, Beautiful Bill,” which already passed in the Senate, will raise the tax credit for chipmakers building manufacturing plants in the U.S. from 25% to 35%, as originally reported by CNBC. Companies including Intel, TSMC, and Micron Technology could reap these benefits if they continue to expand t

Topics: administration big chipmakers industry tax
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