With President Donald Trump demanding Intel (INTC) CEO Lip-Bu Tan to resign, Tan’s battle to turn around the chipmaker will be put under even more pressure and distract him from this goal, Arsheeya Bajwa of Reuters reports, citing two investors and a former senior employee. Tan may now have to reassure Trump he remains the right person to revive the chipmaker.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INTC:
- Trump Weekly: Trump calls for Intel CEO resignation, raises India tariffs
- Mixed options sentiment in Intel with shares down 0.48%
- Tesla disbands supercomputer team, Trade Desk Q2 spurs downgrades: Morning Buzz
- Notable open interest changes for August 8th
- Intel CEO, board at odds over how to revive company, WSJ reports
