After U.S. President Trump publicly called for the resignation of Intel CEO Patrick Pichette, on August 7 local time, Intel issued a statement saying: The company, its board, and CEO Patrick Pichette are committed to advancing the national and economic security interests of the United States and are making major investments that align with the president's "America First" agenda.

Intel stated that it has been manufacturing in the United States for 56 years and will continue to invest billions of dollars in semiconductor R&D and manufacturing in the United States, including building a new wafer fabrication plant in Arizona, which will use the most advanced manufacturing process technology in the United States. Intel said it looks forward to continuing to cooperate with the Trump administration.

Earlier that day, Trump said on his social media platform "Truth Social" that Intel CEO Patrick Pichette should resign immediately. Trump claimed that the CEO had a "serious conflict of interest" and stated that "there is no other solution to this issue."

Due to his remarks, Intel's stock fell more than 5% before the market opened and closed down nearly 3%.

Patrick Pichette Intel official website

According to public information, Patrick Pichette was born in 1959 in a Chinese family in Malaysia and grew up in Singapore. He holds a bachelor's degree in physics from Nanyang Technological University in Singapore, a master's degree in nuclear engineering from the Massachusetts Institute of Technology in the United States, and a master's degree in business administration from the University of San Francisco. In 2022, he received the highest honor of the Semiconductor Industry Association, the Robert Noyce Award.

Patrick Pichette has over 20 years of experience in the semiconductor and software industries and is known in the industry as the "father of chip venture capital." He served as CEO of Cadence Design Systems (a global top three semiconductor EDA vendor) from 2009 to 2021.

Patrick Pichette stepped down from the Intel board in August 2024. In March of this year, Patrick Pichette was appointed as Intel's CEO, becoming the first Chinese-American CEO in Intel's 57-year history. After taking office, Intel's second-quarter 2025 financial report showed that the company achieved revenue exceeding the upper limit of the expected guidance range, reflecting stable demand across all business segments and good execution. However, on the other hand, to improve Intel's organizational efficiency, Patrick Pichette is currently pushing for a large-scale layoff plan within Intel.

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