- President Trump should meet the CEO of Intel Lip-Bu Tan
- The president recently called for the immediate resignation of the CEO
- Trump accused the tanning of major “interest conflicts” due to his investments in Chinese companies
The CEO of Intel Lip-Bu Tan should meet President Trump to discuss the professional and personal history of the old and explore the ways in which the US and Intel government can work together, said sources Wall Street Journal.
Tan recently faced a series of attacks by President Trump, which required his resignation to alleged investments and dealing with Chinese companies.
Trump accused Tan of being “very conflicting” and demanded his “immediate resignation”, declaring that there is “no other solution to this problem”.
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Intel has regularly reduced its global workforce in recent months, which has resulted in a 20% reduction in the workforce that has seen thousands of employees lose their jobs in American factories
Tan has also recently recruited heads with members of the Intel Board of Directors on Intel Investments Department in the United States.
For example, the new CEO has reduced the rhythm of construction of a new factory in Ohio in order to respond to the perceived requests of customers, causing problems with the republican senator of Ohio Bernie Moreno.
The job cuts and the slowdown in construction directly contradict the desire of President Trump to increase the interior investments of companies that have generally made products outside the United States.
In addition, the previous position of Tan as CEO of Cadence Design Systems seems to have rocked a few feathers in the Trump administration due to the company which recently presented more than $ 140 million in penalties after having pleaded guilty to illegally export flea design tools to limited Chinese military organizations.
Tan himself also has numerous investments in Chinese companies, including the purchase of $ 200 million in participation in Chinese manufacturing and flea companies between 2012 and 2024 according to a PK Press Club report.
However, Tan has not only been to the commission of many companies involved in the manufacture of fleas, but founded a venture capital company named Walden International which has focused heavily on technological startups on the Asian market.
Tan’s assets in Chinese companies could therefore simply be an intelligent investment based on decades of experience, rather than on shady transactions under the table that Trump affirmed in his Tirades of Red Fear on Truth Social.
Trump seems deaf to his own accusations of TAN “conflicts of interest”, the president frequently using his position to market his own goods from the Trump store, as well as the launch of the $ Trump cryptocurrency, the president of which controls 80% of the range’s offer.
In a recent letter to the employees, Tan has said that the United States has been his home for over 40 years, and that the company was communicating with the White House to ensure that the president has “the facts”.
Trump has recently received significant prices on countries he has perceived as having an unjust commercial balance, which increases the price of certain goods as the cost of imports is transmitted to the consumer – a fact that many in the Trump administration and its Maga database are struggling to reconcile.
Trump’s pursuit of an America First policy has attracted significant investments from many large companies, including NVIDIA, Intel and Apple, to build factories in the United States to produce goods at the national level. However, there is a reason why these companies have historically made their products outside the United States. It’s cheaper.
Recent studies on the costs of an iPhone manufactured by the United States, for example, have expressed the habit that the price could increase between 25 and 100%.
In an additional contradiction, Trump Mobile’s own brand’s own combination of Trump will probably not be manufactured in the United States, Eric Trump saying that “in the end, all phones can be built in the United States of America.”
