Lip-Bu Tan began working as Intel CEO in March. Since then, he scaled back projects and reduced headcount in efforts to rightsize the chip maker.

President Trump called on the chief executive of Intel to resign, a day after Sen. Tom Cotton (R., Ark.) said he had raised national-security concerns to the chip maker's board. “The CEO of INTEL is highly CONFLICTED and must resign,

Bu Tan in a social media post Thursday. The post follows criticism of Tan by Arkansas Senator Tom Cotton, who has questioned his ties to China. Tan was named CEO of Intel in March. Intel shares were down more than 3% in mid-morning trading Thursday after Donald Trump called on social media for the company’s CEO to “resign,