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 CEO in March as the chipmaker tried to rebound from declining sales under the stewardship of Pat Gelsinger.
This week, Sen. Tom Cotton, R-Ark., questioned Tan's ties to Chinese companies and referenced a past criminal case involving Cadence Design , where Tan was CEO until 2021.