Intel CEO Lip-Bu Tan is in the political crosshairs, with Trump calling for his resignation over his reported investment ties to the Chinese military.

Intel stock (NASDAQ: INTC) took a hit in premarket trading today, dropping more than 4% after President Donald Trump publicly called for CEO Lip-Bu Tan’s resignation. The sharp selloff adds another layer of chaos for the chipmaker,

President Trump called on the chief executive of Intel to resign, a day after Sen. Tom Cotton (R., Ark.) said he had raised national-security concerns to the chip maker's board. “The CEO of INTEL is highly CONFLICTED and must resign,