Intel CEO Lip-Bu Tan is already facing an uphill battle in turning around the ailing chipmaker. Now, U.S. President Donald Trump's demand that Tan resign over his ties to Chinese firms will only distract him from that task,

Intel CEO Lip-Bu Tan has responded to President Donald Trump’s call for his resignation over alleged conflicts of interest. In a memo sent to staff on Thursday, Tan said those concerns are based on “misinformation.”

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