Trump and Senator Cotton criticize Intel CEO Lip-Bu Tan for alleged illegal exports to China and investments in Chinese semiconductor companies. They also question whether Intel is jeopardizing the 8 billion dollar US grant under his leadership. The debate reflects the growing tensions between the US and China in the technology sector.
Conclusion:
Intel shares are already under heavy pressure. The latest statements by Trump could put an additional strain on confidence and make an investment in $INTC (+3.61%) the next three years - especially if tensions persist - less attractive.
