Trump forces Intel CEO to resign after board showdown
Intel Delays Ohio Chip Plant Launch to 2030 – Five Years Postponed
Budget Cutbacks Keep Workforce Idle Until 2030
In a sudden reevaluation of its manufacturing strategy, Intel disclosed that its Ohio facility will not start production until 2030—a full five years later than the original timetable.
Trump Meets Intel Chief Amid Resignation Call
Former President Donald Trump announced a meeting with Intel’s chief of U.S. chipmaker, Lip‑Bu Tan, after publicly demanding his resignation.
- Participants: Trump, Tan, Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent.
- Trump described the encounter as “very interesting” and praised Tan’s “amazing rise.”
- Cabinet officials will review Tan’s proposals and advise Trump next week.
Intel’s Response
Intel has not commented on the delays or Trump’s meeting.
Security Concerns Spark Resignation Demand
Last week, Trump urged the newly‑appointed Intel boss to step down “immediately” after a Republican senator highlighted national security issues tied to China‑affiliated firms.
Intel CEO Tan to engage with Trump administration amid resignation push
Trump demands immediate exit, Intel responds with collaboration pledge
Donald Trump recently posted on Truth Social urging Intel CEO Lip-Bu Tan to resign, citing alleged conflicts. Tan countered with a statement highlighting a constructive dialogue with the White House to clarify concerns and provide factual insight.
Key points of the exchange
- Trump’s message strongly called for Tan’s immediate resignation.
- Tan’s reply emphasized a collaborative engagement with Trump officials.
- Tan directed attention to ongoing misinformation about his prior roles at Walden International and Cadence Design Systems.
- Tan asserted adherence to the highest legal and ethical standards.
Intel’s current market context
Intel, a Silicon Valley legacy, has been overtaken by Asian conglomerates like TSMC and Samsung in the custom semiconductor arena. The company’s focus on traditional computing chips is being eclipsed by the AI-driven semiconductor wave.
Leadership transition and strategic shifts
Tan, a Malaysia-born veteran, assumed the CEO role in March after a series of layoffs and operational challenges linked to U.S. tariffs and export restrictions. His strategic direction aims to align Intel’s product portfolio with emerging AI technologies while stabilizing its earnings amid global trade tensions.
