Intel stock dropped 4% soon after Trump's post. Shares entered Thursday up less than 2% this year. Tan assumed the CEO role at the struggling chipmaker in March. Late last month, it was reported that Intel was looking to spin off its networking unit as it moves to shed assets under Tan.

Intel INTC stock fell Thursday after President Donald Trump called the chip giant's chief executive, Lip-Bu Tan "highly conflicted" and "must resign." "The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem," Trump said in a Truth Social post.

According to a White House official, Apple will announce a new $100 billion commitment in the U.S., an acceleration of its U.S. investment that now totals $600 billion over the next four years.

Apple stock gained 3.2% Thursday, a second day of solid gains, after President Trump said late Wednesday the iPhone maker and other tech companies could avoid 100% chip tariffs by [investing in U.S. m