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.

Intel is a company in crisis, failing to compete with the products of its booming rivals and struggling to get back on its feet after a high-profile leadership shakeup and devastating layoffs. The last thing it needs is to be in the crosshairs of an increasingly dictatorial federal government.

U.S. President Donald Trump on Thursday demanded the immediate resignation of new Intel CEO Lip-Bu Tan, calling him "highly conflicted" due to his ties to Chinese firms and raising questions about plans to turn around the struggling American chip icon.