Recently appointed Intel CEO Lip-Bu Tan is balking at President Trump’s insistence that he resign over his past connections to Chinese tech companies. Trump made the demand.<\/b>
\nRecently appointed Intel CEO Lip-Bu Tan is balking at President Trump’s insistence that he resign over his past connections to Chinese tech companies. Trump made the demand in a post after a Republican senator questioned Tan’s ties to China’s government, military, and businesses, calling Tan \u00ab\u00a0highly CONFLICTED.\u00a0\u00bb The CEO told Intel employees in a letter on Thursday that \u00ab\u00a0there’s a lot of misinformation circulating\u00a0\u00bb about his past positions at Cadence Design Systems and Walden International and that he’s working to make sure the Trump administration has the facts, CBS News reports. Tan also said he has the support of Intel’s board, per the New York Times.
An American citizen who was born in Malaysia and grew up in Singapore, he wrote, \u00ab\u00a0I have always operated within the highest legal and ethical standards.\u00a0\u00bb He added that he supports Trump’s \u00ab\u00a0commitment to advancing US national and economic security.\u00a0\u00bb Tan, who took over Intel in March, has faced scrutiny of his business dealings for several years. A Bernstein analyst’s note Thursday said Tan doesn’t appear to be conflicted but added that his ties to China are an \u00ab\u00a0increasingly bad look\u00a0\u00bb, per CNBC. \u00ab\u00a0Unfortunately, unlike other tech CEOs Lip-Bu does not appear to have cultivated the kind of personal relationship with Trump that would help to assuage his ire\u00a0\u00bb, wrote analyst Stacy Rasgon.<\/p>\n