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

Intel CEO Lip-Bu Tan refused to resign after US President Trump’s call over alleged China ties, calling the claims “misinformation” and reaffirming his commitment to Intel and US national security.

Lip-Bu Tan’s venture-capital firm has supported some of the biggest names in China’s chip industry. With U.S.-China tensions running high, those investments no longer look so benign.