“The CEO of Intel is highly CONFLICTED and must resign, immediately. There is no other solution to this problem. Thank you for your attention to this problem!” Trump wrote Thursday morning.
By late July, Tan sent a memo to employees informing them of significant ongoing layoffs and other cost-cutting measures, and shares were trading below their springtime level by that point. On Thursday, shares fell as much as 3% in premarket trading after Trump’s post.
For this story, Fortune used generative AI to help with an initial draft. An editor verified the accuracy of the information before publishing.
