The president of the United States, Donald Trump, has asked for the immediate resignation of the Intel CEO, Lip-Bu soclaiming that It is related to China technology companies. This Trump demand has occurred after the Arkansas Senator (USA) Tom Cotton sowed yesterday doubts, according to Reuters, asking the president of the Board of Directors of Intel if the alleged connections of such with China could lead to conflicts with US security regulations, as well as affect the security and integrity of the company.
In a letter that Cotton has sent, published in a message on his social networks, Cotton says how it controls several dozen Chinese companies, and that it has shares of hundreds of companies in the Asian country Dedicated to the manufacture of chips, as well as advanced manufacturing. In addition, he emphasizes that at least eight of them are related to the Chinese army.
The senator also refers to the previous position of such in Cadence Design Systems, a company that is dedicated to electronic design automation technology, which a few days ago has been guilty of illegally selling its products to a Chinese military university, and transferring its technology to a Chinese semiconductor company without having permits for it. From the company they assured that all these activities were carried out during the period in which CEO of the company was so, which extended from 2008 to 2021.
In view of this letter, and the published message, Trump has stood out in his social truth profile that the Intel CEO has many conflicts of interest and that he must immediately resign, in addition to ensuring that there is no other solution to the problem.
So was appointed CEO of Intel last March, in order to give a new direction to the company to overcome the complicated situation that the company is living. Intel arrived after Intel’s Board of Directors threw his predecessor in office, Pat Gels, who in his three and a half years in office was plunged into a deep crisis that has made him stay far behind competitors such as TSMC.
Since its arrival, it has reorganized different areas, it is evaluating the process technologies used in the manufacture of chips in Intel and has fired around 24,000 workers, with exits that will reach the third of the template. In addition, it has paralyzed projects that Intel was going to undertake in Europe. Specifically, in Germany and Poland.
Last April, Reuters published that he had invested, before arriving at Intel, in more than 600 Chinese technology companies, some linked to the Chinese army, but that had left the shareholding of several of them.
Last April, Reuters confirmed that he then controlled more than 40 Chinese companies and funds, in addition to being a minority shareholder in another 600 through investors of his property. This caused several Intel shareholders to express doubts about their role in Intel, but in many cases, in addition to their reputation in the sector, they also valued that their years of experience investing in China gave it key competences to relive the company and get its crisis to exceed. In fact, he headed the lists of candidates to happen to Gelsinger of many of Intel’s shareholders, for his reputation and experience.
So made his investments in China through Walden International, the investment company that founded in San Francisco in 1987. He also used two companies based in Hong Kong: Sakarya Limited and Seine Limited. So era, on October 31, the only owner of Sakarya, in fact, and controls Seine through Walden, according to data on China companies.
Then, from Intel they did not want to make statements about the investments of Tan in China, pointing out that he had exceeded a battery of questions from officials and managers that requires the presentation and explanation of any conflict of interest that could occur.
From Walden they did not comment, and a source close to the matter assured the agency that it had come out of the shareholding of the companies in China, without going into more details. However, China’s databases then continued to list their investments as updated, and could not be realized to what extent the investments in the country had withdrawn.
Even so, in Reuters they found no evidence that it was currently having investments in companies that appear in the United States Treasury list. Yes, how, one of Silicon Valley’s first investors in investing in China, allocated at least 200 million to be done with actions in advanced manufacturing technologies and chips manufacturing in the Asian country between March 2012 and December 2024.
In a statement sent to Reuters, Intel has pointed out on this matter that both the company are so «deeply committed to the national security of the United States, as well as the integrity of our role in the US defense ecosystem«.
