Intel Corporation CEO Lip-Bu Tan has reaffirmed his commitment to US national security and economic growth, following a public attack from President Donald Trump earlier this week. The criticism centered on Tan’s past investments in Chinese companies with government ties.
Tan stated that he has operated within the highest legal and ethical standards throughout his 40-year career in the industry and built trust among employees, investors, and partners worldwide. He also mentioned having the support of Intel’s board of directors.
The controversy surrounding Tan’s investments comes as President Trump is trying to pressure companies to invest more in US-based manufacturing. However, experts believe that this approach may be an overreach of his authority.
Trump’s public call for Tan’s resignation was seen as a pattern of behavior by the university professor Chandler James, who noted that the president often uses his power to influence businesses and organizations.
Analysts at Gabelli Funds, including Ryuta Makino, also weighed in on the situation. They stated that while President Trump’s statement may be a brief distraction, it is unlikely to have a significant impact on Intel’s performance, given its struggling financial history.
Intel has been facing challenges in recent years, including a significant decline in revenue and a loss of over $19 billion last year. The company has also undergone significant restructuring efforts under Tan’s leadership.
As the administration continues to broker deals with other major companies to invest in US-based manufacturing, Intel’s decision to pull back on investments and trimming costs raises questions about its future trajectory.
Source: https://www.opb.org/article/2025/08/08/intel-business-ceo-donald-trump-lip-bu-tan-chinese-companies