Trump demands resignation of Intel’s new CEO
Intel is a company in crisis, not competing with the products of its booming rivals and struggling to get back on its feet after a reshuffle of high -level leadership and devastating layoffs. The last thing he needs is to be in the reticle of a federal government increasingly in retaliation. But this is indeed what is happening because the American president Trump demands that the new CEO of Intel, Lip-Bu Tan resigns.
“The CEO of Intel is very conflict and must resign, immediately. There is no other solution to this problem,” Trump on Trum social, a private social network held and controlled by the President of the United States.
Trump did not offer any details and no evidence in support of the complaint. As Techcrunch notes, the post early in the morning follows less than two days after Senator Tom Cotton, an ally of Trump from Arkansas, wrote a letter to the Board of Directors of Intel calling into question Tan’s investments in Chinese companies. The former Directorate of Tan Cadence design systems is particularly confronted, which was sentenced to a fine of $ 140 million for violating the export restrictions to China. Reuters expressed his concerns about TAM Chinese investments in April, a month after accepting the position following Pat Gelsinger’s retirement last year.
One of the largest cornerstone of Trump’s second mandate is isolationism and stimulation investments in the manufacture of the United States, in particular in the lucrative and visible sector of the manufacture of fleas. Intel is a major beneficiary of the flea law adopted during the mandate of former president Biden and currently built new massive semiconductors in Ohio, in addition to its main Oregon facilities and secondary factories in Arizona and New Mexico.
Intel turned the markets in July by increasing the possibility that he could leave the manufacture of chips entirely if he could not find customers for his 14A manufacturing process, planned to make his debut two generations, therefore in 2028 or 2029. But Intel’s inability to find large -scale customers for her nascent strategy, the period, began to support the former members of the Board of Directors. brought. To write Forbes (via Pcgamer), they proposed “Operation Warp Speed II”: a program to buy Intel Fabs thanks to a public-private partnership, then “encourage” American companies to buy from it.
Trump announced yesterday his intention to increase import prices on semiconductors, essential components in essentially all electronic devices, at 100%. He suggested that he would give up restrictions for companies that “build in the United States”, which would likely include Intel. The new Intel manufacturing factories should be published online in 2030 and 2031.
The Trump administration has established a model of attempted control of major American companies. The Paramount / CBS merger with Skydance Media, a matter of years by taking place, was only approved by the FCC after Paramount paid a complaint of $ 16 million to Donald Trump following a 60 -minute interview with his campaign opponent Kamala Harris. CBS then canceled the late show, the most efficient television program of his aging niche, after host Stephen Colbert criticized the president.
Earlier this week, Apple CEO, Tim Cook, presented Trump a gold plate after announcing an additional $ 100 billion in American manufacturing. The Intel Rival Nvidia announced $ 500 billion in American manufacturing on the outbreak of profits during the AI boom. The restrictions on exports to China specifically for NVIDIA IA chips were relaxed following the attendance of the CEO of Nvidia, Jensen Huang, during a dinner of $ 1 million at the Trump’s private residence in Florida private residence.
It certainly seems that there can be commercial awards to indulge in Trump and high regulatory obstacles for refusing to do so. Exactly how Intel could be rewarded or punished has not yet been seen.
This story was updated at 10:10 am to add more details by Mark Hachman.
