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'CEO of INTEL is highly CONFLICTED': Chipmaker's shares plunge over 3% after Donald Trump calls for Lip-Bu Tan's resignation; alleges ties to China
Intel's shares declined after Donald Trump urged CEO Lip-Bu Tan to resign, citing conflicts of interest due to alleged ties to China. Senator Tom Cotton also raised concerns about Tan's connections to Chinese firms, some with links to China's military. This controversy impacts Intel, a major beneficiary of the CHIPS Act, as it undergoes restructuring amid market challenges.
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