Sometimes, football really does deliver the perfect underdog story. FC Thun have been crowned Swiss Super League champions for the first time in their 128-year history. FC Thun, who hail from Switzerland’s 11th biggest city, have done the unthinkable
As vote counting unfolds across key states, the BJP’s strategic prowess, spearheaded by Amit Shah, is once again evident. His meticulous booth-level organisation and data-driven approach, honed over the years, are credited for the party’s strong performance
Looking for a summer drink that’s both energising and hydrating? Coconut coffee blends caffeine with natural electrolytes, making it a smarter and cooler alternative to your usual brew. Light, hydrating, and surprisingly delicious, this trending drink is gaining popularity online for all the
Taiwanese chip designer said it has appointed former executive as a part-time adviser as it steps up work and expands into the AI chip market. Assembly Elections 2026 Yu joined TSMC in 1994 and retired in 2025, holding a range of roles in backend research and development
The remarkable revival of eBayThe internet’s flea market is back—and GameStop wants to buy it Published on: May 04, 2026 1:49 PM IST The Economist Share via Copy link The first thing sold on eBay was a broken laser pointer. In 1995 Pierre Omidyar, the founder
The story so far: On Thursday (August 7, 2025), U.S. President Donald Trump singled out Intel's CEO Lip-Bu Tan on the right-wing social media platform Truth Social, posting, “The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem. Thank you for your attention to this problem!”
Why U.S. President Donald Trump wants Intel’s CEO to resign | Explained Premium
The story so far: On Thursday (August 7, 2025), U.S. President Donald Trump singled out Intel's CEO Lip-Bu Tan on the right-wing social media platform Truth Social, posting, “The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem. Thank you for your attention to this problem!”
Mr. Tan, a Malaysian-born, Singapore-raised American citizen, took over the reins of the ailing chipmaker in March, three months after the abrupt departure of former CEO Pat Gelsinger. The company has been lagging behind Nvidia for several quarters now.
Mr. Trump did not cite specific details but suggested that Mr. Tan had serious conflicts of interest as Intel's CEO. The U.S. President's post on Truth Social likely referenced Mr. Tan's Chinese investments, which numbered in the hundreds, as well as his past leadership position in a company with Chinese military links.
In a letter dated August 5, U.S. Senator Tom Cotton wrote to Intel's Chairman of the Board of Directors, Frank D. Yeary, expressing his concerns.
“Mr. Tan reportedly controls dozens of Chinese companies and has a stake in hundreds of Chinese advanced-manufacturing and chip firms. At least eight of these companies reportedly have ties to the Chinese People's Liberation Army,” Mr. Cotton claimed in the letter.
The U.S. senator wanted to know whether the Intel board made Mr. Tan formally take steps to divest from positions that could pose a conflict of interest for Intel's CEO, and whether Mr. Tan had officially disclosed any other ties to Chinese companies.
News agency Reuters reported that Mr. Tan had made many investments in Chinese companies.
Of particular note is Mr. Tan's investment in Semiconductor Manufacturing International Corp (SMIC). Mr. Tan's venture capital firm Walden International's funds exited from SMIC in June 2013 and in January 2021, as reported in an investigation by the House Select Committee on the Strategic Competition between the United States and the Chinese Communist Party. SMIC was flagged by the U.S. in 2020 over links to China's military.
Additionally, the report stated that Mr. Tan served on SMIC's board from 2001 to 2018, and was compensated with “hundreds of thousands of dollars in salary and stock options for his tenure as a board member during those years.”
However, Walden International is still invested in funds and companies, including bodies with ties to the Chinse administration, per Reuters. Mr. Tan's alleged ownership of Sakarya Limited and his reported involvement with Seine Limited would have given him significant exposure to Chinese companies in the form of stakes, according to the outlet.
Aside from his investments, there are security concerns about Mr. Tan's time as the CEO of Cadence Design Systems between 2008 and 2021 (overlapping with his time at SMIC). This became a pressing issue after Cadence, a multinational electronic design automation (EDA) technology company headquartered in California, pleaded guilty to resolve charges that it violated export controls by selling EDA hardware, software, and semiconductor design intellectual property technology to a Chinese military university called the National University of Defense Technology.
The U.S. Department of Justice (DOJ) stated on July 28 that Cadence had agreed to pay criminal penalties of nearly $118 million to resolve the charges over the unlawful exports, and over $95 million in civil penalties.
Mr. Cotton noted in his letter that the “illegal activities occurred under Mr. Tan's tenure.”
“Intel was awarded nearly $8 billion from the CHIPS and Science Act, the largest grant to a single company. Intel is required to be a responsible steward of American taxpayer dollars and to comply with applicable security regulations. Mr. Tan's associations raise questions about Intel's ability to fulfill these obligations,” said the Republican senator.
On Thursday (August 7, 2025), Intel published a statement defending the company, its board of directors, and Mr. Tan's commitment to U.S. national and economic security as well as Mr. Trump's “America First agenda.”
“Intel has been manufacturing in America for 56 years. We are continuing to invest billions of dollars in domestic semiconductor R&D and manufacturing, including our new fab in Arizona that will run the most advanced manufacturing process technology in the country, and are the only company investing in leading logic process node development in the U.S.,” stated Intel, stressing that it would engage with the U.S. administration.
However, Intel's troubles are mounting as the chipmaker faces pressure from investors over slow progress, and the general public's ire over mass layoffs even as Mr. Tan aims to streamline the company.
Adding to this, Mr. Trump's public call for Mr. Tan's resignation, which led to a slip in Intel's shares, will make it even harder for the chipmaker to restore its reputation while facing a barrage of operational challenges.
Published - August 08, 2025 11:22 pm IST
technology (general) / internet / Artificial Intelligence / USA / litigation and regulation / China / business (general) / The Hindu Explains
Source: The Hindu
Related Posts: Pakistan PM Shehbaz to travel to Washington to meet President Trump on Thursday Trump to host top tech CEOs — except Musk — at White House dinner Thursday Donald Trump cancels August vacation to work on Russia-Ukraine Donald Trump describes himself as ‘Acting President of Venezuela’ in Truth Social post Donald Trump urges Turkish President Erdogan to cut Russian oil US President Donald Trump says Pakistan-Afghanistan conflict is Donald Trump completes a year as US President Donald Trump posts image claiming to be ‘Acting President of Venezuela’ US President Donald Trump warns India of additional tariffs on Russian oil trade FIFA gives President Donald Trump Peace Prize in departure from its traditional focus on sport
Harsh Goenka welcomes BJP’s Bengal surge: ‘Development will be back, jobs will follow’In a post shared on X this afternoon, Harsh Goenka claimed that West Bengal’s business community is “absolutely delighted” with the results of the elections. Published on: May 04
33 minutes ago
The government has announced slight revision in Dearness Allowance (DA) for bank employees for the months of May, June and July 2026, which will increase salaries for workmen and officer employees. Across employee levels for basic salary between ₹48,000-1,17,000
33 minutes ago
Janhvi Kapoor shares statement shutting down rumours about being addicted to alcohol: 'This is deeply concerning'After discussing her alcohol consumption in a podcast, Bollywood actor Janhvi Kapoor clarified she was not addicted in a statement. May 4, 2026
33 minutes ago
The Institute of Chartered Accountants of India (ICAI) has released the full schedule for the September to November 2026 cycle of Chartered Accountancy (CA) examinations. The timetable includes CA Foundation, CA Intermediate, CA Final, and two post-qualification member examinations
33 minutes ago
Hantavirus outbreak: It has left three people dead and one in critical condition on a cruise ship in the Atlantic Ocean. Hantavirus outbreak: A hantavirus outbreak aboard a cruise ship in the Atlantic Ocean has left three people dead and one in critical condition, prompting a global health response
33 minutes ago
Young men are souring on Donald TrumpBut can Democrats win them over? Updated on: May 04, 2026 1:43 PM IST The Economist Share via Copy link WHEN IT comes to making a show of manliness, few politicians can match Donald Trump. One day he is swaggering into a cage-fighting stadium to the tune of Kid
33 minutes ago
BHEL Q4 Results: State-owned Bharat Heavy Electricals Ltd (BHEL) on Monday reported a 154.47 per cent year-on-year (YoY) surge in its consolidated profit to Rs 1,282.68 crore for the fourth quarter ended March 31, 2026. Its revenue from operations in January-March 2026 increased 36
33 minutes ago
Kimi Antonelli's impressive victory in the Miami Grand Prix, his third win in a row, was "something special", says 1996 world champion Damon Hill. "We witnessed this young boy showing us what enormous potential he clearly has, and I'm almost stunned with how he has coped this season
33 minutes ago
The United States will launch an effort on Monday (May 4, 2026) to “guide” stranded ships from the Iran-gripped Strait of Hormuz, President Donald Trump said, giving few details about what could be a sweeping effort to help hundreds of vessels and some 20,000 seafarers
33 minutes ago
BMW M440i convertible: The new model sits between everyday luxury convertibles and high-end sports cars. It is priced at Rs 1.09 crore (ex-showroom). BMW M440i convertible: BMW India has launched the BMW M440i Convertible at Rs 1.09 crore (ex-showroom)
33 minutes ago
Rudy Giuliani, the former New York City Mayor and a long-time champion of President Donald Trump, is in a "stable but critical condition" in hospital, his spokesman Ted Goodman said in a social media post on Sunday. Shortly after Goodman's post was published
33 minutes ago
Who Won West Bengal Election:The Bharatiya Janata Party is leading significantly over the All India Trinamool Congress in the West Bengal Assembly elections, according to the latest Election Commission of India trends. BJP's Suvendu Adhikary holds a lead in Nandigram
33 minutes ago
Fermented Bamboo Shoot Pickle With Probiotic-Rich Ingredients For A Light and Healthy Addition To Indian MealsFermented bamboo shoot pickle is a probiotic-rich Indian condiment made with bamboo shoots and spices, offering gut-friendly benefits and a low-calorie meals. Published on: May 04
33 minutes ago
As of April 2026, an intense and early heatwave has placed India at the center of a global climate crisis, with temperatures in many regions soaring past extreme levels, and 98 of the world’s 100 hottest cities located within the country. While most people are aware of what extreme heat does to
33 minutes ago
HPBOSE HP Board 12th Result 2026: Himachal Pradesh Class 12 results declared, direct link hereHPBOSE HP Board 12th Result 2026 has been declared. The direct link to check Himachal Pradesh Class 12 results is given here. Updated on: May 04, 2026 1:37 PM IST By HT Education Desk | Edited by Papri
33 minutes ago
There are certain days in the Hindu calendar that feel deeply transformative, moments when devotion is believed to carry a greater spiritual weight, and Apara Ekadashi is one of the most powerful among them. Observed during the Krishna Paksha of the Jyeshtha month and dedicated to Vishnu
33 minutes ago
Nukkad Naatak, Haq, Kennedy and more: How streaming is giving a second life to theatrical outcastsStreaming platforms are increasingly ensuring that indie and small films like Nukkad Naatak, Haq, Kennedy, and Dhadak 2, are finding new audiences. May 4, 2026
33 minutes ago
Gujarat Titans are winning matches despite not playing their best cricket. Jason Holder highlighted the team's collective effort in securing victories. The focus remains on accumulating points to build momentum for the IPL playoffs. Consistent performances are key as the team aims for further
33 minutes ago
A truck driver has been lightly injured after a United Airlines plane clipped his vehicle and a streetlight as it approached Newark Airport in New Jersey on Sunday. The Boeing 767, operating a flight from Venice, Italy, managed to land safely
33 minutes ago
Days after a major conference of India’s Ambassadors and High Commissioners, where they were urged to be more “proactive” in projecting India’s message worldwide, Prime Minister Narendra Modi and External Affairs Minister S. Jaishankar are kicking off a busy summer season
33 minutes ago
How Iran’s chief sanctions buster went from death row to cryptoBabak Zanjani has emerged at the forefront of Iranian efforts to skirt sanctions after being sentenced to death a decade ago. Published on: May 04, 2026 1:57 PM IST WSJ Share via Copy link Babak Zanjani had been on death row for years
33 minutes ago
Neymar would be feeling at his most ‘Taylor Swift’ right now — he could swear he doesn’t love the drama, but it just loves him. The Santos star, who has been in the spotlight for better or worse lately, has now made the headlines for what is reported as a physical tussle with Robinho Jr
33 minutes ago
Love mangoes? Make this must try double mango salad in rice paper cup recipe: See step-by-step preparationThis is not your regular mango salad! It is crispy, fancy and uber-cool with all the right flavour notes, from sweet, tangy to spicy. Updated on: May 04
33 minutes ago
A tanker was hit by unidentified projectiles off the coast of the United Arab Emirates, a British maritime agency reported on Monday (May 4, 2026), as the United States said it would escort ships through the blocked Strait of Hormuz. "A tanker has reported being hit by unknown projectiles
33 minutes ago
An Indian-origin investment banker set to earn nearly Rs 500 crore at Citigroup has come under renewed scrutiny after fresh allegations surfaced about his conduct during his previous tenure at JPMorgan Chase. Viswas Raghavan, currently serving as Citigroup’s head of banking
33 minutes ago
Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.Amazon Summer Appliance Fest: Get up to 75% off on coolers, ceiling fans, juicers and moreBuyers can get massive discounts on the purchase of ceiling fans, coolers
33 minutes ago
This rally coincides with rising Asian stocks and reflects optimism regarding potential US legislation on stablecoins. The cryptocurrency Bitcoin has spiked above $80,000 for the first time in more than three months as Asian stocks approached record highs. Bitcoin climbed as much as 1
33 minutes ago
