Trump calls for resignation on the second day of 100% CHIP tariff threat | Trump tariffs

Donald Trump calls on Intel’s CEO to resign, accusing Lip-bu Tan of ties to the Chinese Communist Party, causing U.S. chipmaker stocks to fall.

“Chief Executive Officer Intel Trump has posted a high level of conflict on the tan truth social and must resign immediately. “There is no other solution to this problem. Thank you for your attention to this problem!”

Intel’s stock fell more than 3% in early trading. The company did not immediately respond to requests to comment on Trump’s position.

Trump’s comments came the day after threatening to 100% tariffs on imported semiconductors and chips, which could favor Intel as a U.S. semiconductor company.

Trump did rule out Taiwan’s semiconductors and Apple, and they said they planned to increase investment in U.S. manufacturing.

Apple Chief Tim Cook announced from the White House that the company will invest $1 billion in U.S. chip manufacturing.

Trump’s criticism of Intel, which lags behind making graphics processing chips suitable for AI applications like NVIDIA, was following a letter from Arkansas Senator Tom Cotton to company chairman Frank Yeary, who expressed concern about Tan’s investment and contacted semiconductor companies and contacted semiconductor companies after Arkansas Senator Tom Cotton wrote to company chairman Frank Yeary It is reported that there is contact The party’s military department for CCP and the People’s Liberation Army.

Republican Cotton asked Intel’s board of directors whether it had divested his interests and questioned Tan’s previous leadership over Cadence Design Systems, which last month said it had sold its products to China’s National National University, a violation of U.S. export controls.

Tan controls dozens of Chinese companies, at least eight of which have ties to the People’s Liberation Force, said Cotton.

“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. We appreciate the attention of Cotton Senators on these common priorities. We look forward to addressing these issues with the Senators,” the company said in a statement.

Tan, 65, is regarded as an industry veteran in technology and venture capital. As part of his turnaround effort, he was attacked to lead the once-dominated personal computing and laptop manufacturers. Intel’s market valuation is about $89 billion, while rival NVIDIA is valuation at 4.4tn.

Tan, 65, said his intention to sell Intel assets is not a company revitalization, layoffs and delays or cancels projects to reduce operating expenses. Intel has received about $8 billion from the CHIPS and Science Act for Us Investments, a Biden-era legislation that is necessary for national security to reduce U.S. reliance on foreign chip production.

Many foreign chip manufacturers recently announced that they will promote chip production in the United States, including TSMC in Taiwan and Samsung in South Korea.

In addition to Intel, the Chip Act also includes TSMC, Micron Technology, Samsung, GlobalFoundries and Texas Instruments. However, the $100 million grant was over $40 billion in pledged private sector investments.

this Trump administration Hope Congress repeals the chip law, believing that tariffs are a more effective driving force for companies to build manufacturing plants on U.S. soil, suggesting TSMC’s decision to expand its chip manufacturing capabilities from three plants in Arizona to six.