
Intel and the White House did not right away react to an ask for talk about Trump’s post. Intel shares dropped 3 percent in pre-market trading in New York.
Tan was designated as Intel CEO in March after the Silicon Valley business’s board ousted his predecessor, Pat Gelsinger, in December.
Intel is the only US-headquartered business efficient in producing sophisticated semiconductors, though it has up until now mainly lost out on the existing boom for expert system chips. It has actually been granted billions of dollars in United States federal government aids and loans to support its chip production organization, which has actually fallen far behind its competing Taiwan Semiconductor Manufacturing Company.
Amidst an extreme cost-cutting program, Tan alerted last month that Intel may be required to desert advancement of its next-generation production innovation if it were not able to protect a “considerable external client.” Such a relocation would hand a virtual monopoly of leading-edge chipmaking to TSMC.
“Intel is needed to be an accountable steward of American taxpayer dollars and to adhere to relevant security guidelines,” Cotton composed in Tuesday’s letter to Intel’s board chair, Frank Yeary. “Mr Tan’s associations raise concerns about Intel’s capability to satisfy these commitments.”
Extra reporting by Demetri Sevastopulo.
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