- President Trump met with the Intel CEO, Lip-Bu so
- The president recently requested the immediate resignation of the CEO.
- Trump accused such important “conflicts of interest” due to their investments in Chinese companies
Intel’s CEO, Lip-Bu Tan, will meet with President Trump to discuss the professional and personal history of the first, and explore ways in which the United States government and Intel can work together, sources said to Wall Street Journal.
So recently he faced a series of attacks by President Trump, who has demanded his resignation on alleged investments and dealing with Chinese companies.
Trump accused so of being “greatly in conflict” and demanded his “immediate resignation,” stating that “there is no other solution to this problem.”
Rocking history
Intel has been constantly cutting its global workforce in recent months, which leads to a 20% reduction in personnel who have seen thousands of employees lose their jobs in the factories of the United States.
He has also recently contacted the heads with the members of the Intel Board on the Directorate of Investment of Intel in the United States.
For example, the new CEO has reduced the construction rhythm of a new factory in OHIO to meet customer demands, causing problems with Ohio’s Republican senator Bernie Moreno.
Both employment cuts and slowed construction directly contradict President Trump’s desire to increase the national investment of companies that have generally manufactured goods outside the United States.
In addition, the previous position of as as CEO of Cadence Design Systems seems to have scrambled some feathers in the Trump administration because the company recently delivers more than $ 140 million in fines after declaring itself guilty of illegally exporting chip design tools to restricted Chinese military organizations.
It also has numerous investments in Chinese companies, including the purchase of shares worth $ 200 million in manufacturing companies and Chinese chips between 2012 and 2024 according to a PakGazette report.
However, so not only has been at the Board of numerous companies involved in the manufacture of chips, but founded a venture capital firm called Walden International that focused largely on the new technological companies in the Asian market.
Therefore, holdings of so in Chinese companies could simply be an intelligent investment based on decades of experience, instead of the murky treatment under the table that Trump has moved away in his red disgust diators in Truth Truth social.
Trump seems to be deaf from his own accusations of the “conflicts of interest” of Tan, with the president often using his position to market his own products in the Trump store, as well as launch the $ Trump cryptocurrency of which the president controls 80% of the currency offer.
In a recent letter to employees, he said that the United States had been their home for more than 40 years, and the company was communicating with the White House to ensure that the president has “the facts.”
Recently, Trump has raised significant tariffs in the countries that he perceives to have an unfair trade balance, which makes the price of some goods increase as the cost of imports is transmitted to the consumer, a fact that many within the Trump administration and their magic base are fighting to reach an agreement.
Trump’s search for a policy in America First has generated a significant investment of many important companies, including Nvidia, Intel and Apple, to build factories in the United States to produce goods nationwide. However, there is a reason why these companies have historically manufactured their products outside the United States. It is cheaper.
Recent studies on the costs of an iPhone manufactured in the US. For example, they have theorized that the price could increase between 25 and 100%.
In an additional contradiction, Trump Mobile’s own Trump brand phones are probably not manufactured in the United States, with Eric Trump claiming that “eventually, all phones can be built in the United States of America.”
