Intel Shares Drop Amid Trump’s Call for CEO Resignation Over Conflict of Interest

Shares of Intel Corporation (INTC), one of the world’s leading computer component manufacturers, fell 5.1% in pre-market trading on the NASDAQ, hitting a low of $19.37 per share as of 14:49 Moscow time. The decline followed a public call by US President Donald Trump for Intel’s CEO Lip-Bu Tan to step down, citing a conflict of interest. Tan was appointed CEO in March 2025. “The CEO of Intel is in a deep conflict and must resign immediately. There is no other solution to this problem. Thank you for your attention to this issue,” Trump wrote on social media. The call came amid rising concerns over Tan’s ties to Chinese companies. Republican Senator Tom Cotton recently asked Intel’s board chairman to clarify Tan’s connections with China, including his investments in semiconductor firms and other companies linked to China’s military.