Intel CEO responds to Trump's resignation request, stating that he always adheres to the highest ethical standards

After Trump demanded the resignation of Intel CEO Chen Liwu and raised ethical concerns, Chen Liwu responded to the related "misinformation."

On August 8, Intel CEO Chen Liwu defended his professional ethics in a memo to employees, calling the related accusations "misinformation." He wrote:

I want to be very clear: After working in this industry for over 40 years, I have built relationships around the world and within our diverse ecosystem, and I have always operated under the highest legal and ethical standards.

Chen Liwu stated that Intel is working with the White House to address the situation and supports the president's efforts to "advance America's national and economic security." He also emphasized that the board fully supports the company's transformation plan.

The previous day, Wall Street Journal mentioned that Trump posted on social media, demanding Chen Liwu to resign as CEO immediately, claiming he has "significant conflicts of interest." Under political pressure, this public pressure led to a 3% drop in Intel's stock price on Thursday.

Political Scrutiny Pressure

At the same time as Trump's post, Republican Senator Tom Cotton sent a letter questioning Chen Liwu to Intel, asking whether it would pose a threat to U.S. national security. Cotton wrote in the letter:

Intel has a responsibility to be a responsible steward of American taxpayer funds and to comply with applicable security regulations.

Wall Street analysts believe that although Chen Liwu may not have actual conflicts of interest, his personal background adds complexity to Intel's situation.

Bernstein analyst Stacy Rasgon pointed out in a research report that the firm does not believe Chen Liwu has "conflicts of interest," but unlike other tech CEOs, Chen Liwu does not seem to have established a personal relationship with Trump that could help mitigate the president's anger.

Additionally, analysts believe Trump may also be disappointed with Intel's recent business decisions, including the cancellation of some chip foundry projects.

Against this backdrop, Chen Liwu took over as Intel CEO in March this year, succeeding Pat Gelsinger, and was already tasked with leading the chip giant out of difficulties and achieving a challenging transformation, while the current turmoil undoubtedly complicates his mission