Intel CEO Lip-Bu Tan responded to President Donald Trump’s call for his immediate resignation, labeling circulating reports about his past roles as “misinformation.” In a letter to employees on August 7, Tan stated, “I’ve always operated within the highest legal and ethical standards,” emphasizing his 40-year career in the semiconductor industry. He affirmed Intel’s engagement with the Trump administration to address concerns and reiterated his commitment to U.S. national and economic security. Trump’s demand, posted on Truth Social on August 7, labeled Tan “highly conflicted” due to alleged ties to Chinese firms, following a letter from Senator Tom Cotton questioning Tan’s investments in Chinese semiconductor companies, some reportedly linked to the People’s Liberation Army. Intel’s stock dropped 3.5% after the...