President Donald Trump urged the chief executive officer of Intel Corp. to resign over what he called conflicts of interest, injecting fresh turmoil at a company already struggling to stem losses and eke out relevance in the artificial intelligence age.

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.

U.S. President Donald Trump on Thursday demanded the immediate resignation of new Intel CEO Lip-Bu Tan, calling him "highly conflicted" due to his ties to Chinese firms and raising doubts about plans to turn around the struggling American chip icon.