Pakistan, Aug. 7 -- US President Donald Trump has called for the immediate resignation of Intel's new CEO, Lip-Bu Tan. Trump labeled Tan as "highly conflicted" due to his extensive ties to Chinese firms. He expressed concern that Tan's leadership threatens Intel's efforts to cut costs and reset its strategy.

Trump's criticism follows a letter from US Senator Tom Cotton to Intel's board, questioning Tan's links to Chinese companies and a past legal case involving his former firm, Cadence Design. Reports revealed that Tan invested at least $200 million in hundreds of Chinese manufacturing and chip companies, some connected to the Chinese military.

Intel is a vital part of the US plan to boost domestic chip production, having secured nearl...