Intel’s CEO Lip-Bu Tan speaks on the firm’s Annual Manufacturing Expertise Convention in San Jose, California, U.S. April 29, 2025.
Laure Andrillon | Reuters
Intel shares have been underneath strain Thursday after President Donald Trump referred to as for the chipmaker’s CEO to resign instantly.
In a Fact Social submit, Trump mentioned Intel Chief Government Lip-Bu Tan “is extremely CONFLICTED and should resign, instantly. There is no such thing as a different answer to this drawback.” Intel dropped within the premarket on the again of that submit, final buying and selling greater than 4% decrease.
INTC drops
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