President Donald Trump on Thursday called for the Intel new CEO Lip-Bu Tan to immediately resign, saying he is "highly conflicted" after questions arose about his ties to Chinese firms.
"There is no other solution to this problem," he said in a Truth Social post.
Intel shares were down 3.8%, extending premarket declines.
Intel did not immediately respond to a Reuters request for comment.
In April, Reuters reported Tan — himself or through venture funds he has founded or operates — has invested in hundreds of Chinese companies, some of which are linked to the Chinese military.
The Intel CEO invested at least $200 million in hundreds of Chinese advanced manufacturing and chip firms between March 2012 and December 2024, Reuters found