Intel CEO Lip-Bu Tan says he's “always operated within the highest legal and ethical standards” after President Donald Trump said he should resign. On Thursday Trump said on Truth Social platform that,

Bu Tan to resign on Thursday, prompting a slide in the technology company's stock."The CEO of Intel is highly CONFLICTED and must resign, immediately," Mr. Trump posted on Truth Social, without providing additional details.

Lip-Bu Tan began working as Intel CEO in March. Since then, he scaled back projects and reduced headcount in efforts to rightsize the chip maker.