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President Trump called for Intel CEO Lip-Bu Tan's resignation, citing concerns raised by Senator Tom Cotton about Tan's alleged ties to Chinese companies. This follows Intel's long decline from its position as a global chip leader, marked by failed acquisitions and missed opportunities. The company, crucial for US national security due to its potential to produce leading-edge chips domestically, is struggling despite government subsidies. Tan's potential resignation adds to the uncertainty surrounding Intel's future and its ability to compete with foreign rivals like TSMC and Samsung.

Prepared by Christopher Adams and reviewed by editorial team.