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Intel CEO to visit White House after Trump called for his ouster over alleged China ties: report
IntelIntel(US:INTC) Fox Businessยท2025-08-11 04:30

Core Viewpoint - Intel CEO Lip-Bu Tan is facing pressure to resign due to alleged ties to China, with discussions expected at the White House regarding his commitment to U.S. national security and potential collaboration with the Trump administration [1][2]. Group 1: Allegations and Concerns - President Trump called for Tan's resignation, labeling him as "highly CONFLICTED" due to his connections with Chinese companies and a criminal case involving his previous company, Cadence Design Systems [2]. - U.S. Senator Tom Cotton expressed concerns about the security and integrity of Intel's operations, questioning the board's awareness of subpoenas sent to Cadence Design Systems during Tan's tenure as CEO [4]. - Cotton also raised questions about whether Intel's board required Tan to divest from chip firms linked to the Chinese military or Communist Party, and whether he disclosed other ties to Chinese companies [6]. Group 2: Financial and Legal Context - Cadence Design Systems agreed to plead guilty and pay over $140 million to resolve U.S. charges related to selling chip design products to a Chinese military university [9]. - The U.S. Justice Department accused Cadence of violating export controls by illegally selling chip design software and hardware to front companies representing a Chinese military university [10]. Group 3: Tan's Background and Investments - Tan, who was appointed CEO of Intel in March, has a history of investing in hundreds of Chinese companies, some linked to the Chinese military, with investments totaling hundreds of millions in advanced manufacturing and chip firms from March 2012 to December 2024 [7].