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flag Intel's stock drops after Trump calls for CEO's resignation over alleged ties to Chinese firms.

flag Intel's shares fell 3.5% after President Trump called for CEO Lip-Bu Tan to resign over concerns about his ties to Chinese firms linked to the Chinese Communist Party and the People's Liberation Army. flag Senator Tom Cotton had previously raised similar concerns. flag Intel, which received over $8 billion in federal funding under the CHIPS Act, is also facing challenges in competing with rivals in AI and chip manufacturing.

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