Lip-Bu Tan’s venture-capital firm has supported some of the biggest names in China’s chip industry. With U.S.-China tensions running high, those investments no longer look so benign.

A change in leadership could pile pressure on the company as it pushes through a major strategic reset that Lip-Bu Tan started.

In a post on X, formerly known as Twitter, Republican Sen. Bernie Moreno accused CEO Lip-Bu Tan of having ties to the "CCP," an apparent reference to the Chinese communist party. The senator called on Tan to "immediately resign" and also said Ohio should conduct a fraud investigation into the executive.

President Donald Trump demanded on Thursday that Intel CEO Lip-Bu Tan resign from his position over his alleged ties to

New-age search engine Perplexity made an audacious $34.5 billion bid to buy Google’s Chrome browser, which is not even for sale yet, pending a court decision. But it reportedly had to raise a new round to show it’s serious, which remains in doubt despite its claim that it has several venture funds interested in backing its bid.

SAN FRANCISCO, Aug 6 (Reuters) - U.S. Republican Senator Tom Cotton sent a letter to Intel's (INTC.O) board chair on Wednesday with questions about the chipmaker's new CEO Lip-Bu Tan's ties to Chinese firms and a recent criminal case involving his former company Cadence Design (CDNS.O).

The Trump administration explored taking a U.S. stake in Intel to boost domestic chipmaking after a meeting with CEO Lip-Bu Tan amid Ohio factory delays.