Intel investors can’t catch a break

Lip-Bu Tan, chief executive officer of Intel Corporation, during a news conference in Taipei, Taiwan, on Monday, May 19, 2025.

Lip-Bu Tan was hired earlier this year to lead the struggling chipmaker out of its years-long morass, drawing applause from Wall Street and sending the stock price climbing. But just five months into his tenure as Intel’s chief executive officer, he’s drawing the ire of US President Donald Trump, who called for Tan’s resignation on Thursday due to what he called conflicts of interest.

In response, Tan said he’s got the full backing of the company’s board and has reached out to the White House to clear up what he called “misinformation” about his track record, he said in a letter to staff posted on Intel’s website.