CNBC AI News Exclusive: Amidst reports of calls for his resignation, Intel has issued a statement reaffirming its commitment to U.S. national and economic security. The statement comes following alleged pressure from unnamed sources close to former President Trump regarding CEO Lip-Bu Tan’s leadership.
Intel’s Full Statement:
“Intel, the Board of Directors, and Lip-Bu Tan are deeply committed to advancing U.S. national and economic security interests and are making significant investments aligned with the President’s America First agenda. Intel has been manufacturing in America for 56 years. We are continuing to invest billions of dollars in domestic semiconductor R&D and manufacturing, including our new fab in Arizona that will run the most advanced manufacturing process technology in the country, and are the only company investing in leading logic process node development in the U.S. We look forward to our continued engagement with the Administration.”
Sources familiar with the matter indicate that Intel is actively engaging with U.S. government officials to address any concerns. Current operations for consumers in China remain unaffected.
Background:
Lip-Bu Tan made history as Intel’s first CEO of Chinese descent.
On March 12, 2025, Intel announced Tan’s appointment as Chief Executive Officer, effective March 18, 2025. Tan, a seasoned technology executive with extensive experience in the semiconductor industry, succeeded interim co-CEOs David Zinsner and Michelle (MJ) Johnston Holthaus. He also rejoined the Intel Board of Directors.
Born in Malaysia in 1959 and raised in Singapore, Tan holds a Bachelor of Science in Physics from Nanyang Technological University, a Master of Science in Nuclear Engineering from MIT, and an MBA from the University of San Francisco. His background blends technical expertise with business acumen. Tan initially entered the semiconductor industry as an investor before transitioning into executive leadership.
During his tenure as CEO of Cadence Design Systems, a leading electronic design automation software company, from 2009 to 2021, Tan oversaw a doubling of revenue, a substantial increase in profit margins, and a remarkable increase in the company’s stock price exceeding 3200%.
His “customer-centric” innovation culture and extensive collaborations with semiconductor foundries and design companies have fostered deep industry relationships.
As the founder of Walden International, Tan has invested in numerous startups across sectors including semiconductors and clean energy. He is widely regarded as one of the technology industry’s most connected executives.
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