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

Intel CEO Lip-Bu Tan is in the political crosshairs, with Trump calling for his resignation over his reported investment ties to the Chinese military.

Intel CEO Lip-Bu Tan has responded to President Donald Trump’s call for his resignation over alleged conflicts of interest. In a memo sent to staff on Thursday, Tan said those concerns are based on “misinformation.”