On Thursday morning, President Trump called on Intel chief Lip-Bu Tan to step down, writing on Truth Social that the CEO is “highly” conflicted and there is “no other solution to this problem.”The message was an apparent reference to Tan’s long history of doing business in China,

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.

A change in leadership could pile pressure on the company as it pushes through a major strategic reset that Lip-Bu Tan started.