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Trump asks Intel CEO to resign: Former directors call for a new company, say ‘Only a dramatic…’

11 August 2025
in India
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Trump asks Intel CEO to resign: Former directors call for a new company, say ‘Only a dramatic…’
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Four former Intel board members support President Trump’s call for CEO Lip-Bu Tan’s resignation, advocating for a radical restructuring by spinning off Intel’s manufacturing arm to enhance U.S. chipmaking competitiveness. This proposal, driven by concerns over Tan’s ties to China, aims to create an independent foundry to rival TSMC and secure national security interests amid Intel’s declining market position.

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Tags: asksCallCEOChipmaking dominanceCHIPS Act fundingcompanyDirectorsdramaticIntelIntel Foundry businessIntel restructuringIntel's manufacturing arm spin-offresignTaiwan Semiconductor Manufacturing CompanyTom CottonTrumpTrump demands Intel CEO resignationUS national security
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