Intel shares were under pressure Thursday after President Donald Trump called for the chipmaker's CEO to resign immediately.
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Intel
shares were under pressure Thursday after President Donald Trump called for the chipmaker’s CEO to resign immediately.
In a Truth Social post, Trump said Intel Chief Executive Lip-Bu Tan “is highly CONFLICTED and must resign, immediately. There is no other solution to this problem.” Intel dropped in the premarket on the back of that post, last trading 5% lower.
Intel did not immediately respond to a request for comment.
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