While Intel is going through a critical phase of its history and has just appointed a new CEO in March to hope to get out of the crisis, the latter is accused by Donald Trump to serve Chinese interests.
It is a discomfort that does not end. While Intel tries everything for everything by trying to catch up with competition now far ahead, now the President of the United States gets involved. In a message posted on his Truth Social network, Donald Trump demands the resignation of the CEO freshly named.
According to the Republican, Lip-Bu Tan is entangled ” in enormous conflicts of interest and must resign immediately». One more challenge for the company that probably didn’t need that, notesBloomberg.
A suspect history for Trump
The sources of this accusation are to be found on the side of the elected Tom Cotton who asked that Lip-Bu tan will make all the transparency on his investments in China and precisely on the links he still maintains with his former company Cadené Design System.
Accused of having illegally sold processors to a Chinese military university, the company was found guilty last July without the responsibility of LIP-BU-TAN being clearly established. The CEO of Intel is also accused of having invested in hundreds of Chinese companies specializing in semiconductors, some of which would have direct links with the Chinese Communist Party. A frenzy that earned him the nickname “Mr Chip” in China.
In a letter sent to the Employee of Intel, Lip-Bu Tan defended himself by explaining that “Many false information has circulated about my role in Walden International and Cadence Design Systems“And that the company”collaborated with the American administration to shed light on the subject and ensure that the facts are understood ».
In addition to Intel
Despite an allegiance assumed to the “America First” principle carried by Donald Trump, Intel does not seem to be able to get out of the rut. Beyond the technical difficulties in the production of chip, the company is also in an uncomfortable political situation. Recipient of more than $ 8 billion in aid from the state, the firm failed to become the industrial star that she was years ago.
To go further
But where is Intel going? The firm would still reduce its ambitions to TSMC
According to several specialists interviewed by Bloomberg, this vendetta against Lib-Bu Tan could also be due to the lack of deference that the CEO had towards Donald Trump. Unlike many large figures of Silicon Valley, he has not announced major industrial projects at several billion or followed the president’s reaction policy.
