President Donald Trump urged the chief executive officer of Intel Corp. to resign over what he called conflicts of interest, injecting fresh turmoil at a company already struggling to stem losses and eke out relevance in the artificial intelligence age.

Intel Chief Executive Lip-Bu Tan on Thursday said the chipmaker is engaging with the U.S. administration to clarify concerns and ensure accurate information is provided after President Donald Trump demanded his immediate resignation earlier in the day.

President Trump called on the CEO of Intel to resign on Thursday, prompting the technology company's stock to slip before the opening bell.