However,
Ceo intel refuses resign responds:
A climate under high tensions
On August 8. Therefore, Donald Trump had publicly asked for the resignation of the CEO of Intel, accusing him of deeply conflicting links
with China. These words arose in an already tense context. Consequently, while two Republican senators had, earlier this year, expressed doubts about Tan’s ability to lead the American semiconductor giant.
To understand this accusation, you have to go back. Before taking the reins of Intel, Lip-Bu Tan held the post of CEO of Cadence Design Systems. However. this company has just plead guilty in a doj investigation for sold his chip design tools to a Chinese military university. In addition. a survey of Reuters Published at the start of the year, the accused of having invested in hundreds ceo intel refuses resign responds of Chinese technological companies, including at least eight linked to the Liberation People’s Army.
Lip-B ceo intel refuses resign responds of Tan
Faced with growing pressure, Talip-Bu Tan sent a letter to all Intel employees, then published on the company’s website. He denounced the disinformation
around its previous posts at Walden International. Cadence Design Systems, and reaffirms his loyalty to the United States. The manager also specifies that Intel works with the Trump administration to clarify the facts. move together
on national and economic security issues.
There was a lot of disinformation that circulated on my roles spent at Walden International and Cadence Design Systems. I want to be absolutely clear: in more than 40 years in the industry. I have established relationships around the world and in our diversified ecosystem – and I have always respected the highest legal and ethical standards. My reputation was built on confidence -respecting my word, and doing it in the right way. It is in the same way that I ceo intel refuses resign responds direct Intel.
The support of the board of directors
Despite calls for a change of direction. the Intel board of directors still supports its CEO. For the moment. no internal procedure has been opened aimed at replacing it, and the strategy remains to maintain the dialogue with the White House.
On the markets. Intel action has experienced strong volatility : After losing 3 % the day before, she was down in session before bouncing to end at +0.9 %. However, the title remains 23 % below its peak reached after the appointment of Tan.
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