Intel's stock tumbles after Trump says its CEO must resign

MICHELLE CHAPMAN

August 07, 2025

Intel's shares are tumbling before markets opened Thursday after President Donald Trump said in a social media post that the chipmaker's CEO needs to resign.

"The CEO of Intel is highly CONFLICTED and must resign, immediately," Trump posted on Truth Social. "There is no other solution to this problem. Thank you for your attention to this problem!"

Trump made the post after Senator Tom Cotton sent a letter to Intel Chairman Frank Yeary expressing concern over CEO Lip-Bu Tan's investments and ties to semiconductor firms that are reportedly linked to the Chinese Communist Party and the People's Liberation Army.

Cotton specifically called out Tan's recent leadership of Cadence Design Systems in the letter. The tech company admitted in July to selling its products to China's National University of Defense Technology in violation of U.S. export controls.

"In March 2025, Intel appointed Lip-Bu Tan as its new CEO," Cotton wrote in the letter. "Mr. Tan reportedly controls dozens of Chinese companies and has a stake in hundreds of Chinese advanced-manufacturing and chip firms. At least eight of these companies reportedly have ties to the Chinese People's Liberation Army."

Intel's stock dropped more than 4% in premarket trading.

Recommended

Is Elon's Empire Crumbling? - Ad

Gold Is Being Reintroduced Into the Monetary System - Ad

Investing Legend Hints the End May Be Near for These 3 Iconic Stocks - Ad

SAVANNAH, Ga. (AP) — Former Food Network star Paula Deen announced Friday the abrupt closure of the Savannah restaurant that launched her to fame with its menu of fried chicken, banana pudding and other indulgent Southern dishes.

New Jersey US Attorney Fired After Being Chosen Over Former Trump Lawyer Alina Habba

The U.S. Attorney for the District of New Jersey, Desiree Leigh Grace, has been dismissed by the Justice Department.

What's inside Elon's building in Memphis will shock you

What's inside Elon's building in Memphis will shock you - Ad

Inside Elon Musk's Memphis site lies a supercomputer built to power the world's first superhuman AI. It could make Elon a trillionaire - and new millionaires, too. With just $500, you could get in before the September 1st funding window closes.

It’s moo-ving day for dairy cattle at Michigan State University

EAST LANSING, Mich. (AP) — Dozens of dairy cattle were on the moo-ve Monday at Michigan State University.

Judge orders Trump administration to explain why order to restore Voice of America wasn't followed

A federal judge on Wednesday essentially accused the Trump administration of ignoring his orders to restore Voice of America's operations and explain clearly what it is doing with the government-run operation that provides news to other countries.

Trump's Green Light For Stocks?

Trump's Green Light For Stocks? - Ad

Washington just opened tens of millions of federal acres for drilling and mining-a clear sign it's unlocking vast assets. Whitney Tilson says certain companies could be next, with past moves seeing gains up to 4,300%.

Microsoft Authenticator is ending password autofill soon. How to set up a passkey before Aug. 1

NEW YORK (AP) — If you're a Microsoft Authenticator user, like me, you’ve probably received at least one notice that the app's password management features are no longer usable and that your stored passwords will be deleted on Aug. 1. Yes, you read right, your passwords will be DELETED this Friday.

How high-tech tools, and pigs, could help in the search for Mexican drug cartel victims

ZAPOPAN, Mexico (AP) — First the scientists dress dead swine in clothes, then they dispose of the carcasses. Some they wrap in packing tape, others they chop up. They stuff the animals into plastic bags or wrap them in blankets. They cover them in lime or burn them. Some are buried alone, others in groups.

Weiss Gold Veteran Makes Shocking New Call

Weiss Gold Veteran Makes Shocking New Call - Ad

Weiss expert Sean Brodrick went out on a limb last year and declared a historic event would send the yellow metal to $3,150. People laughed at him at the time, but he was off by just two days. Now, Sean has a shocking new prediction for gold ... and reveals a little-known way to get ahead of this bull market.

Chinese Bitcoin Mining Tech Producer Bitmain Is Betting Big On America—But Why?

Crypto mining hardware producer Bitmain Technologies is preparing to establish its first U.S. facility later this year, a move influenced by shifting industrial policies and a growing "Made in America" sentiment within the digital asset sector.

When Jamie Dimon's Daughter Asked If They Have To 'Sleep On Streets' After He Was Fired From Citigroup: 'It Was My Net Worth, Not My Self-Worth...'

Jamie Dimon, recently shared a personal anecdote about the day he was fired from Citigroup and the impact it had on his family and career.

The Tesla Shock Nobody Sees Coming

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

Cathie Wood's Wednesday Moves: Ark Dumps Bitcoin-Heavy Block Again, Doubles Down On AMD's AI Chip Rally (CORRECTED)

Editor’s Note: The headline has been corrected from the original version to ensure accuracy and clarity

BitMine Stock Falls 15.1% After-Hours As Peter Thiel-Backed Company Files Shelf Offering, Might Consider Ethereum Purchase With Proceeds

Shares of Bitmine Immersion Technologies Inc. (AMEX:BMNR) plummeted in Monday's after-market trading after the company filed for a shelf offering to register securities for sale by selling stockholders

The Surprising New Date That Could Fuel the AI Boom

The Surprising New Date That Could Fuel the AI Boom - Ad

Trump's economic blueprint is about to go live, and the deadline is fast-approaching. A new federal plan could legally unlock $100 trillion in U.S. resources... and one $10 stock could lead the charge. Former hedge fund manager Whitney Tilson explains how to act now, before this hits the headlines.

The Tea app was intended to help women date safely. Then it got hacked

Tea, a provocative designed to let women anonymously ask or warn each other about men they'd encountered, rocketed to the top spot on the U.S. Apple App Store this week. On Friday, the company behind the app confirmed : Thousands of images, including selfies, were leaked online.

Why Spotify's Latest Results Look Worse Than They Are

Spotify (SPOT) stock drops after missing earnings and revenue expectations, despite strong user growth. Analysts maintain Overweight and Buy ratings.

Better Than Bitcoin? (Top Crypto for Less Than $1)

Better Than Bitcoin? (Top Crypto for Less Than $1) - Ad

Over the past 15 years, Bitcoin has outperformed stocks, bonds, and every other asset you could've bought. 2025 is already shaping up to be another banner year, with Bitcoin recently hitting a new all-time high. But there's a better way to profit from this new crypto rally. Most people don't know about it... and yet it's returned over 1,000% in 4 months. This could be the #1 way to invest in crypto right now.

Passengers flee smoking jet on emergency slide after apparent landing gear problem at Denver airport

DENVER (AP) — Passengers slid down an emergency slide of a smoking jet at Denver's airport due to a possible problem with the plane's landing gear, authorities said.

Sam Altman Warns ChatGPT Conversations Aren't Protected Like Talking With Your Psychologist Or Lawyer: 'We Could Be Required To Produce That' In Court

OpenAI CEO Sam Altman warned that ChatGPT conversations lack legal confidentiality, meaning user data could be disclosed in court without new AI-specific privacy laws.

Nvidia CEO Makes First Ever Tesla Announcement

Nvidia CEO Makes First Ever Tesla Announcement - Ad

While Tesla's car sales slump, Nvidia's CEO says Tesla could lead a multi-trillion-dollar AI revolution. He's backing what's being called "Manifested AI" - a 25,000% growth market. And one tiny stock, 168x smaller than Nvidia, could be your way in before the world catches on.

Allianz Life confirms data breach affecting majority of 1.4M US customers

MINNEAPOLIS (AP) — Hackers gained access to personal data on the majority of the 1.4 million customers of Allianz Life Insurance Company of North America, the company confirmed Saturday.

Pope Leo XIV surprises Catholic youth festival with unexpected popemobile salute

VATICAN CITY (AP) — surprised tens of thousands of young Catholics on Tuesday and showed up unexpectedly at a Holy Year welcome ceremony, thrilling the kids and receiving a rock star’s welcome in the first big youth event of his pontificate.

Is Elon's Empire Crumbling?

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after October 23rd, it may be too late.

OpenAI Chairman Bret Taylor Believes This Degree Is Still Crucial In The AI Era: 'It's Extremely Valuable'

OpenAI Chairman Bret Taylor emphasized the importance of computer science degrees, saying they teach critical problem-solving.

A US judge says arrested Haitian businessman and former presidential hopeful will remain in custody

SAN JUAN, Puerto Rico (AP) — A federal immigration judge in Miami ordered on Thursday that wealthy remain in custody in the United States, where he is held over accusations of supporting .

Gold Is Being Reintroduced Into the Monetary System

Gold Is Being Reintroduced Into the Monetary System - Ad

While the media focuses on political scandals, inflation and coming up with ridiculous acronyms "TACO"... Smart money is tracking a far bigger shift: a gold revaluation is quietly underway. Garrett Goggin, CFA, says this could trigger 100X moves in select miners - and he's identified four with the biggest upside.

What makes a meme stock? Online enthusiasm for a beaten down company with doubtful prospects

NEW YORK (AP) — Investors occasionally scoop up shares of companies whose financial prospects appear dim. The consensus around such companies is that the shares should, if anything, fall further. But they suddenly get touted in online forums and take off for no fundamental reason. Wall Street has dubbed them “meme stocks.”

Palantir, Hims & Hers, American Eagle, Joby Aviation And AMD: Why These 5 Stocks Are On Investors' Radars Today

Major U.S. indices ended Monday in the green with the Dow Jones Industrial Average rising 1.3% higher at 44,173.64.

Investing Legend Hints the End May Be Near for These 3 Iconic Stocks

Investing Legend Hints the End May Be Near for These 3 Iconic Stocks - Ad

Futurist Eric Fry say Amazon, Tesla and Nvidia are all on the verge of major disruption. To help protect anyone with money invested in them, he's sharing three exciting stocks to replace them with. He gives away the names and tickers completely free in his brand-new "Sell This, Buy That" broadcast.

Elon Musk's Tesla, LG Energy Solutions Sign $4.3 Billion Battery Deal: Report

LG Energy Solutions and Tesla have signed a $4.3 billion deal for LFP batteries. LG will supply batteries to Tesla from its U.S. facility.

Nebraska congressman Flood gets an earful over Trump's tax cut law in raucous town hall

LINCOLN, Neb. (AP) — Rep. Mike Flood has gotten an earful during a public meeting in Lincoln aimed at discussing his support for the massive that passed Congress and was signed into law by President Donald Trump.

What's inside Elon's building in Memphis will shock you

What's inside Elon's building in Memphis will shock you - Ad

Accenture CEO Julie Sweet Once Complained To Her Father After Losing A Speech Contest, What Her Dad Said Next Would Shape Her Success

Julie Sweet's father's advice to be fearless and constantly adapt has led to her success as Accenture's global CEO. Other leaders echo this lesson.

Questions emerge about NYC gunman's mental health and his security-sensitive job in Las Vegas

LAS VEGAS (AP) — The man who stormed a Manhattan office tower with a gun, before killing himself, worked in the surveillance department of a Las Vegas casino, part of an industry built on watching for threats before they unfold.

Trump's Green Light For Stocks?

Trump's Green Light For Stocks? - Ad

Satoshi Nakamoto's Statue Smashed, Dumped In Swiss Lake — 'Absolute Disgrace,' Says Bitcoiner

The statue of Bitcoin’s (CRYPTO: BTC) legendary creator, Satoshi Nakamoto, which was reported stolen in Switzerland, was found tossed into a lake on Sunday.

Can Apple's Slim iPhone And Cheaper Macs Reverse The 2025 Stock Slump?

Apple is expected to rebound in the second half of 2025 with new product launches and strong momentum in its Services division. Analysts reaffirmed a Buy rating with a price forecast of $235.

Weiss Gold Veteran Makes Shocking New Call

Weiss Gold Veteran Makes Shocking New Call - Ad

Trump orders federal regulators to probe alleged bank discrimination against conservatives

NEW YORK (AP) — President on Thursday signed an executive order mandating a probe into whether banks have discriminated against conservatives and certain industries like gun manufacturers and cryptocurrency companies, invoking the vast powers to go after entities that the Republican president alleges have discriminated against him and his allies.

Trending Now

Trump's $200 Million White House Ballroom Addition Plan See Experts Cry Out For More Guardrails: 'There Aren't Any Checks And Balances'

'Superman' Flies Past $400 Million But Falters Overseas, While 'Jurassic World Rebirth' Charges Toward $650 Million In A Red-Hot Summer Box Office Battle