Intel CEO under fire from Washington and its own board

When Lip-Bu Tan took over as Intel’s CEO last March, the market reacted with a 13% stock bump, signaling renewed confidence in the company’s future. But today, after weeks of internal tensions, Intel’s situation has grown even more delicate, now drawing scrutiny from the White House.

Internal pressure at Intel has been mounting for months

After Tan was appointed as Pat Gelsinger’s successor as Intel CEO, many saw it as a positive move to reset the company’s strategy and…