Thursday, 7 August 2025 Newsletters Newspaper Archives Our Journalism Entertainment Small Business Commercial Property In The Workplace Search for articles Environment Select your county Local ePapers North America Latin America Middle East Asia-Pacific Australasia Agri-business Farm Property Legal Advice Latest News Subscriber Exclusives The Indo Daily Indo Sport Podcast The Left Wing The Big Tech Show Real Health Podcast Money Talks Under the Grill Seachtain Podcast Small Business Commercial Property In The Workplace The Left Wing Champions Cup United Rugby Championship Six Nations Leinster Rugby Munster Rugby Ulster Rugby Connacht Rugby Gaelic Football U-20 Gaelic Football U-20 Hurling Ladies Football Premier League Premier League results International Soccer Champions League League of Ireland Other Soccer Indo Sport Podcast The Left Wing Women's Sport Tee to Green Horse Racing Other Sports Motor Sport American Football Health & Wellbeing Health Features Healthy Eating Mental Health Home & Garden Family Features Mothers & Babies Food & Drink Food Reviews Celebrity News Celebrity Features Fashion News Fashion Fix Sex & Relationships Entertainment Movie Reviews Music Reviews Book Reviews Theatre & Arts Competitions Reader Travel Awards Travel News Staycations Newsletters Newspaper Archives Our Journalism Intel shares plunge after Trump demands CEO resign over Chinese investments 29 April 2025, USA, San Jose: Lip-Bu Tan, Chief Executive Officer of Intel, appears at an event organized by the company. Photo: Andrej Sokolow/dpa (Photo by Andrej Sokolow/picture alliance via Getty Images) MICHELLE CHAPMANAssociated PressToday at 14:42 Intel's shares are tumbling before markets opened Thursday after President Donald Trump said in a social media post that the chipmaker's CEO needs to resign. “The CEO of Intel is highly CONFLICTED and must resign, immediately,” Trump posted on Truth Social. “There is no other solution to this problem. Thank you for your attention to this problem!” Trump made the post after US Senator Tom Cotton sent a letter to Intel Chairman Frank Yeary expressing concern over CEO Lip-Bu Tan’s investments and ties to semiconductor firms that are reportedly linked to the Chinese Communist Party and the People’s Liberation Army. Cotton specifically called out Tan's recent leadership of Cadence Design Systems in the letter. The tech company admitted in July to selling its products to China’s National University of Defense Technology in violation of US export controls. “In March 2025, Intel appointed Lip-Bu Tan as its new CEO," Cotton wrote in the letter. "Mr. Tan reportedly controls dozens of Chinese companies and has a stake in hundreds of Chinese advanced-manufacturing and chip firms. At least eight of these companies reportedly have ties to the Chinese People’s Liberation Army.” Intel's stock dropped more than 4pc in premarket trading. Join the Irish Independent WhatsApp channel Stay up to date with all the latest news Latest Technology Intel shares plunge after Trump demands CEO resign over Chinese investments From Pigsback to poker, when it comes to business, Michael Dwyer knows when to hold ’em and when to fold ’em Contactless payments rise as ATM use declines, Bank of Ireland reports I tried to make my phone as unaddictive as possible – here’s how you can too Nine out of 10 small businesses ‘have embraced AI in some form’, says survey Flood of funds for AI in the US leaves Irish start-ups scrambling Racial slurs, a swastika and drug references – what I witnessed in just a few hours on children’s gaming platform Roblox Irish arm of US electronics giant Cadence embroiled in court case over sale of nuclear tech to China Adrian Weckler: In middle-class Ireland you may be judged badly if your child is seen with a phone Ask Adrian: Ticketmaster won’t let me transfer my Oasis tickets to a friend Top Stories LIVE | Trump and pharma industry discuss boosting medicine spending abroad to cut US prices, sources say Daniel McDonnell: Irish clubs are out of sight in Europe unless they do something that blows minds Almost 9,000 people lost their jobs in Ireland last month Food Reviews Restaurant review: ‘Plenty of hits and a few misses at one of Ireland’s culinary institutions’ Latest NewsMore ‘I knew it was wrong, I just felt so scared’: Ex-drugs mule Michaella McCollum breaks down on Celebrity SAS: Who Dares Wins17:58 Almost 9,000 people lost their jobs in Ireland last month17:30 Daniel Wiffen confirms decision to part company with swim programme at Loughborough University17:26 LIVE | Trump and pharma industry discuss boosting medicine spending abroad to cut US prices, sources say17:23 Celebrity News Thursday Murder Club trailer offers first look at David Tennant’s character17:05 The Big Tech Show The Big Tech Show: How an Irish PC game about a well-known Dublin landmark secured Hollywood funding16:53 Celebrity News Man who was ‘fixated’ with Anna Friel ordered not to contact her before sentence16:50 Robert Dunne on his father Ben's life and legacy16:47 Celebrity News Danny Dyer says Bafta win was ‘very emotional moment after 35 years in the game’16:45 Latest | Kremlin says Putin and Trump will meet soon, Zelensky confers with Europeans16:44 Top StoriesMore Robert Dunne, son of the late tycoon Ben Dunne, dies aged 50 ‘Numb and in shock’ – Irish mum’s agony after popular entrepreneur Martha Nolan-O’Slatarra’s death on New York yacht ‘An obtrusive feature’ – split decision over unauthorised works carried out at tech tycoon’s €3m mansion LATEST | JNLRs: Weekend radio the big winner – but it’s not all good news at RTÉ £26 to see Oasis and R.E.M, the arrival of Argos, and Wonderbra: 50 reasons the 1990s were cool Most Read Technology Intel shares plunge after Trump demands CEO resign over Chinese investments Irish Business From Pigsback to poker, when it comes to business, Michael Dwyer knows when to hold ’em and when to fold ’em Contactless payments rise as ATM use declines, Bank of Ireland reports Ask Adrian: Ticketmaster won’t let me transfer my Oasis tickets to a friend Racial slurs, a swastika and drug references – what I witnessed in just a few hours on children’s gaming platform Roblox The Indo DailyMore Episodes The Indo Daily: How a WhatsApp message told an Irish family that their mother had died by assisted suicide Latest News Local ePapers Environment Journalists Small Business Commercial Property In The Workplace Indo Sport Podcast The Left Wing The Throw In Women's Sport Horse Racing Other Sports Health & Wellbeing Home & Garden Food & Drink Sex & Relationships Entertainment Theatre & Arts Competitions Reader Travel Awards Travel News Staycations The Indo Daily Indo Sport Podcast The Left Wing The Big Tech Show Real Health Podcast Seachtain Podcast Our Journalism Corporate and Social Responsibility Subscription Bundles Newsletters CarsIreland.ie Switcher.ie Reach Delpac SitemapArchiveTerms & conditionsContact usPrivacy statementCookie PolicyGroup WebsitesAdvertise with Us WEBSITE © independent.ie Terms & conditions Privacy statement Cookie Policy Group Websites Advertise with Us Subscription Bundles Subscription Rewards Newsletters