Trump Urges Intel CEO To Resign, Calls Him ‘Conflicted’
President Donald Trump called on the chief executive officer of Intel Corp. to resign because of what he called conflicts of interest.
“The CEO of INTEL is highly CONFLICTED and must resign, immediately,” Trump wrote on Truth Social Thursday. “There is no other solution to this problem. Thank you for your attention to this problem!”
This week, Republican Senator Tom Cotton asked the chairman of Intel's board to answer questions about Chief Executive Officer Lip-Bu Tan's ties to China, including investments in the country's semiconductor companies and others with connections to the country's military.
In a letter to Frank Yeary, who oversees the chipmaker's board of directors, Cotton asked about investments Tan made in China before he was picked to run Intel. Cotton noted specific concerns about Tan's ties to Cadence Design Systems Inc., a tech company he led for over a decade which sold products to a Chinese military university. The company pleaded guilty in July to violating US export controls by selling hardware and software to China's National University of Defense Technology.
“Intel and Mr. Tan are deeply committed to the national security of the United States and the integrity of our role in the U.S. defense ecosystem,” the company said in a statement on Wednesday. Intel said it would address the matters in the letter with the senator.
Intel shares fell 3.4% in premarket trading before markets opened in New York.
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High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
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Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
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Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
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Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
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Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
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India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
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France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
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You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
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Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
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FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
