President Trump called for Intel CEO Lip-Bu Tan's resignation, citing national security concerns stemming from Tan's past investments in Chinese companies and his previous role at Cadence Design Systems. Tan, in a company-wide email, denied wrongdoing, affirmed his commitment to Intel, and highlighted the company's progress in US semiconductor manufacturing. He stated he's working with the administration to provide facts and has the board's full support. Intel stock dropped over 3% following the news.

Prepared by Christopher Adams and reviewed by editorial team.