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.

For more than three decades, Lip-Bu Tan invested in the Chinese economic boom, placing the kind of no-brainer bets that enriched venture capitalists and fund managers around the world and across the US.

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

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).

Despite the rocky relationship between President Donald Trump and CEO Lip-Bu Tan, the government is reportedly eyeing a stake in Intel.