Intel and the White House did not immediately respond to a request for comments on Trump’s position. Intel shares fell 3% in pre-commercial trade in New York.
Tan was appointed CEO of Intel in March after the board of directors of Silicon Valley Company has ousted its predecessor, Pat Gelsinger, in December.
Intel is the only company based in the United States capable of producing advanced semiconductors, although it has so far missed the current boom for artificial intelligence chips. He received billions of dollars in US government’s grants and loans to support his flea manufacturing business, which fell away behind his Taiwan rival semiconductor manufacturing company.
However, in the midst of a radical cost reduction program, Tan warned last month that Intel could be forced to abandon the development of its new generation manufacturing technology if it was unable to secure an “important external customer”. Such a movement would give a virtual monopoly for manufacturing cutting -edge tamines to TSMC.
“Intel must be a manager responsible for the dollars of American taxpayers and comply with the applicable security regulations,” Cotton wrote in Tuesday’s letter to the President of the Intel Board of Directors, Frank Yeary. “Mr. Tan’s associations raise questions about Intel’s ability to fulfill these obligations.”
Additional reports by Demetri Sevastopulo.
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