Bu Tan to resign on Thursday, prompting a slide in the technology company's stock."The CEO of Intel is highly CONFLICTED and must resign, immediately," Mr. Trump posted on Truth Social, without providing additional details.

A day after Intel ( INTC) stock slid more than 3% following political calls for his resignation, CEO Lip-Bu Tan publicly defended his record and emphasized his commitment to U.S. national security.

A change in leadership could pile pressure on the company as it pushes through a major strategic reset that Lip-Bu Tan started.