Trump demands resignation of Intel’s new CEO

Here is a 201-word summary of the news article: Intel, the tech giant, is facing a crisis as it struggles to compete with its rivals. The company's new CEO, Lip-Bu Tan, is now in the crosshairs of President Trump, who is demanding his immediate resignation. Trump's claim is that Tan is "highly CONFLICTED" but provided no evidence to support this allegation. The president's demand follows a letter from Senator Tom Cotton, a Trump ally, questioning Tan's investments in Chinese businesses. Specifically, Tan's former leadership of Cadence Design Systems, which was fined $140 million for violating export restrictions to China, has raised concerns. Trump's stance is part of his broader push for isolationism and increased U.S. manufacturing, particularly in the semiconductor industry. Intel is a major beneficiary of the CHIPS Act and is building new factories in the U.S. However, the company's inability to find customers for its latest manufacturing process has raised doubts about its strategy. The Trump administration has a history of attempting to exert control over major American corporations. It remains to be seen how Intel might be rewarded or punished for Tan's continued leadership.