Intel CEO’s China Ties Crash Stock, Not Just PowerPoints
When President Trump called for Intel CEO Lip-Bu Tan's resignation over 'China-linked investments,' Tan didn’t blink. In a defiant company email, Tan claimed he's operating with the 'highest legal and ethical standards,' promising to lead Intel through a 'critical transformation.' The drama spiked after GOP’s Tom Cotton flagged Tan's ties to Chinese firms and a guilty plea by Cadence Design Systems for illegal tech exports. Despite the pressure, Intel's stock took a 3% nosedive, proving even in tech, it’s the board’s support and slick words like 'a privilege' that keep you afloat.
Share the Story
Trump demands an Intel CEO resignation for China links and the stock goes down 3%. Maybe investors just want a CEO who can hit ‘refresh’ quicker than the stock price.
Lip-Bu Tan says leading Intel is not just a job but a privilege. Sounds like the privilege of watching your stock drop while explaining why you still have a job.
If integrity were a CPU GHz, Intel might still outperform the market. Instead, it's just glitches, political pressure, and a viral PR meltdown.
Source: Businessinsider | Published: 8/8/2025 | Author: Thibault Spirlet
More Articles in Business
America Adds 50,000 Jobs, But Those 70,000 Stayed Home for Holidays
USS Gerald R. Ford Saves Day By 'Apprehending' Another Wobbly Tanker
Chinese Crackdowns Cut US Fentanyl Supply, Trump Declares Pills Weapons of Mass Destruction
Billion-Dollar Hedge Fund’s Head Trader Quits To Take 'Career Break,' Market Shrugs
Billionaire Bros Move T-Rex LLC Out of California to Avoid Paying Taxes; Dinosaur Surprised
Grandfather Gifts $1,500 with Guest Star Role for Financial Advisor
Facebook Exec Jumps Off Career Cliff to Build Giant iPhone Flop
Man Moves to Spain for Sun, Pays in Airport Commute Hours Instead of Pounds
