For more than three decades, Lip-Bu Tan invested in the Chinese economic boom, placing the kind of no-brainer bets that enriched venture capitalists and fund managers around the world and across

Intel CEO Lip-Bu Tan defended his integrity and vowed to continue leading the semiconductor company through a "critical moment."

Intel stock dropped over 3% Thursday after President Trump called for CEO Lip-Bu Tan to resign, citing past business ties to China, according to The Wall Street Journal. Trump posted on Truth Social that Tan is "highly conflicted" and must step down immediately.