Core Viewpoint - The political turmoil surrounding Intel's CEO Chen Lifeng has led to a significant market reaction, with Intel's stock price dropping nearly 5% in pre-market trading due to Trump's demand for his resignation, highlighting the company's ongoing struggles in the semiconductor industry [1]. Group 1: Company Response - Chen Lifeng issued a public letter emphasizing his commitment to the U.S. and Intel, stating that he has adhered to the highest legal and ethical standards throughout his 40-year career [3][4]. - The Intel board has expressed full support for the company's transformation efforts and innovation initiatives, indicating progress in their strategic goals [4]. - Intel is set to achieve mass production of the most advanced semiconductor process technology in the U.S. later this year, marking a significant milestone for the company [4]. Group 2: Market Impact - The demand for Chen Lifeng's resignation has added further uncertainty to Intel, which is already facing challenges such as lagging behind competitors like TSMC in process technology and having zero market share in AI chips [1]. - The company is undergoing a substantial workforce reduction, with 75,000 layoffs planned, compounding the difficulties posed by the current political climate [1].
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