The "Walker Street Journal" quoted sources on the 10th that after US President Trump asked Intel to execute President Chen Liwu's resignation last week, Chen Liwu will visit Baigong today. Reuters failed to immediately verify the relev...
The "Walker Street Journal" quoted sources on the 10th that after US President Trump asked Intel to execute President Chen Liwu's resignation last week, Chen Liwu will visit Baigong today.
Reuters failed to immediately verify the relevant news, and Intel and Baigong have not yet responded to comments. It is estimated that Chen Liwu will have a deep exchange of opinions with Trump, while explaining their personal and professional backgrounds, and may propose ways for Intel to cooperate with the US government. Chen Liwu hopes to show his commitment to the United States and at the same time guarantee that Intel's manufacturing capabilities will be an important consideration for national security, thereby winning Trump's approval.
Trump asked Chen Liwu to resign immediately last week, saying that Chen Liwu's relationship with Chinese companies made him "deeply involved in conflicts of interest", and Trump was also skeptical about how Intel's plan to reverse the stock. Chen Liwu said that he and Trump are committed to promoting the determination of American nationality and economic security.
Trump intervened in the bidding of the rare case of the President of the United States publicly calling for the resignation of the executive officer of private enterprises, and also sparked a hot debate among Intel investors.
Reuters disclosed in April that Chen Liwu's investment amounted to at least US$200 million (about NT$5.962 million), and some companies even had connections with the Chinese military.
Chen Liwu is an Chinese-American business manager born in Malaysia. He served as the executive director of Cadence Design from 2008 to December 2021. The chip design software vendor was charged with illegally selling products to a Chinese Military University that trusted to participate in a nuclear explosion during this period. IHU computer agreed in July to pay more than $140 million in a penalty, convicting the U.S. government for allegations of the sales.
Extended reading: Chen Liwu's letter to employees is based on trust and does things in the right way. Transformation routes are different! Except for Trump's sniping, Chen Liwu and Intel's board of directors have long been in a relationship Trump issued a message directly pointing out that Intel executive chief Chen Liwu is involved in serious conflicts of interest and must be resigned immediately
