Intel, once a shining tech giant of Silicon Valley, is slowly losing the AI-chip battle against Taiwanese rival TSMC and Nvidia. Now, President Donald Trump's ultimatum to Intel CEO Lip-Bu Tan over China connections may perhaps deal a body blow.

Trump's post comes after Republican Senator Tom Cotton on Wednesday wrote to Intel's board of directors, asking about Tan's ties to China, his investments in the country, and raised concerns about his time leading Cadence Design Systems,

President Trump on Thursday demanded Intel CEO Lip-Bu Tan resign, following concerns about his reported ties to Chinese companies. Why it matters: Tan is in the middle of trying to turn Intel around at a time when the government is pushing to bolster the U.