【By Guan察者网 Liu Bai】US President Trump has been targeting the tech industry. On August 7 local time, after announcing that it would impose a 100% tariff on chips and semiconductors, Trump again called on Intel's CEO, Andrew C. Liu, to "resign immediately" on social media, citing "serious conflicts of interest".

Andrew C. Liu officially became Intel's first Chinese-American CEO in March. Trump stated on the "Truth Social" platform, "Intel's CEO has serious conflicts of interest and must resign immediately. There is no other way."

Due to this news, Intel's pre-market trading fell by 5%.

Intel and Liu did not respond immediately to Reuters' request for comment.

Andrew C. Liu IC Photo

Andrew C. Liu was born in 1959 into a Chinese family in Malaysia and grew up in Singapore. He has over 20 years of experience in semiconductors and software and was awarded the Robert Noyce Award by the Semiconductor Industry Association in 2022, which is the highest honor in the semiconductor industry.

On March 13 this year, Intel appointed Andrew C. Liu as its next CEO, effective from March 18, making him the first Chinese-American CEO in Intel's history.

This week, some US politicians have claimed that there are "relations" between Andrew C. Liu and Chinese companies, and have criticized Intel over this.

Republican Senator Tom Cotton wrote to the chairman of Intel's board this week, expressing concern about "the security and integrity of Intel's operations and its potential impact on US national security."

"Intel must responsibly use American taxpayers' money and comply with relevant safety regulations," Cotton also claimed, "Liu's background raises questions about whether Intel can fulfill these obligations."

On August 6, Trump said in the White House Oval Office that the US would impose around a 100% tariff on chips and semiconductors.

Trump said that if made in the US, there would be no fees.

That day, Trump announced the tariff plan during a meeting with Apple's CEO Tim Cook in the Oval Office when he revealed a $10 billion new investment.

Intel was once the dominant force in chip manufacturing, but in recent years has gradually been surpassed by competitors such as TSMC, and in the AI chip market dominated by NVIDIA, Intel has almost no presence.

Intel's second-quarter financial report released in July showed that the company exceeded market expectations in profits, but also announced some cost-cutting plans.

Liu set a goal to reduce the number of employees to 75,000 by the end of the year, a reduction of about 22%, and adopted a more cautious strategy in investments and business expansion.

In an internal memo, Liu announced the reduction of the company's costly foundry department, which had an operating loss of $3.17 billion in the quarter.

Additionally, Intel canceled planned factory projects in Germany and Poland, and merged its testing and packaging operations in Vietnam and Malaysia. Liu stated that Intel will slow down the construction progress of the chip factory in Ohio.

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