Bu Tan to resign on Thursday, prompting a slide in the technology company's stock."The CEO of Intel is highly CONFLICTED and must resign, immediately," Mr. Trump posted on Truth Social, without providing additional details.

President Donald Trump has called on the new CEO of the technology company Intel, Lip-Bu Tan, to resign immediately. "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," Trump posted on Truth Social on Thursday.

The challenges in Ohio highlight the risks that federal and state officials took when they financially backed Intel, a once-powerful force in chip manufacturing.