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," Trump posted on Truth Social, without providing additional details.

Intel so far is standing by Tan. The company issued a statement Thursday that said the company, the board and Tan are all “deeply committed to advancing U.S. national and economic security interests and making significant investments aligned with the President’s America First agenda.”

Key Takeaways President Trump demanded that Intel CEO Lip-Bu Tan "resign immediately" in a post on Truth Social.This marks the first time since the 2008 financial crisis that a U.S. president has publicly called for a CEO to step down.