New Delhi, Aug. 9 -- Amid calls from Donald Trump demanding the resignation of Intel CEO Lip-Bu Tan, four former directors of the chipmaking company have said that his fate should be decided by the shareholders and board.

In a statement to Fortune, four former board members of Intel also demanded a radical restructuring of Intel that would revamp the company's manufacturing vertical into an independent company to re-establish its dominant position in the United States' chipmaking market.

Charlene Barshefsky, Reed Hundt, James Plummer, and David Yoffie said that Intel has hired its fourth CEO in seven years but results have hardly improved. They claimed that only a dramatic shift in the company's workflow could restore Intel's competitiv...