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Here's your morning TNB Tech Minute for Thursday, August 7th.

I'm Adriana Aspuru for the Wall Street Journal.

President Trump has called on Intel's chief executive Lip Bhutan to resign because of his past

ties to China. As a venture capitalist, Tan invested in Chinese tech companies before starting to

work in the semiconductor industry. Intel is also under scrutiny from lawmakers

because it's receiving billions of dollars in federal funding to boost U.S. chip production.

Intel and the White House didn't immediately respond to requests for comment.

Shares of the company were down more than 2% this morning.

President Trump also said he'd imposed roughly 100%

tariffs on all chips coming to the U.S., but that he'd exempt companies that invest in domestic

manufacturing. The announcement came at an event where Apple pledged a new $100 billion investment

in the U.S. The tech giant has increased its commitments here,

but hasn't moved iPhone production domestically as Trump wanted. Meanwhile, the European

Union said that exports of chips from the EU to the U.S. will face a 15% tariff ceiling,

even after President Trump announced that roughly 100% tariff on all chip imports.

The agreement comes after months of negotiations and includes the European Commission's stated

...