New Delhi, Aug. 7 -- US President Donald Trump has demanded the immediate resignation of Intel's CEO, Lip‑Bu Tan, calling him "highly conflicted." Trump's post on Truth Social emphasized that, in his view, ending Tan's leadership is the only solution.

The sharp public rebuke sent Intel's stock tumbling by about 4 percent in early U.S. trading. The fall reflects growing alarm among officials over whether Tan's past business ties might jeopardize US national security.

According to reports, Tan only began as CEO in March of this year, in the middle of a broad turnaround effort at the chipmaker. Earlier in the week, Republican Senator Tom Cotton raised concerns in a letter to Intel chair Frank Yeary about Tan's extensive ties to...