Tech Voices: Trump vs. Intel CEO, Amazon’s $1B fed discount

Intel Headquarters

JasonDoiy

Seeking Alpha’s roundup of remarks, statements and announcements that could impact the technology sector.

  • President Trump called for Intel (NASDAQ:INTC) CEO Lip-Bu Tan to immediately resign over his alleged ties to China.

“The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem. Thank you for your attention to this problem!” Trump wrote Thursday on Truth Social.

  • Trump’s post comes after U.S. Sen. Tom Cotton questioned Tan’s ties to Chinese companies and a past legal case involving a company Tan previously led, Cadence Design (CDNS).

Cotton reportedly wrote Intel’s (NASDAQ:INTC) chairman this week expressing “concern about the security and integrity of Intel’s operations and its potential impact on U.S. national security,” according to CNBC.

“Intel is required to be a responsible steward of American taxpayer dollars and to comply with applicable security regulations,” Cotton added. “Mr. Tan’s associations raise questions about Intel’s ability to fulfill these obligations.”

  • Amazon Web Services (NASDAQ:AMZN) will give discounts of up to $1 billion for cloud adoption, modernization, and training services provided to U.S. federal agencies through the end of 2028.

“The Trump Administration is rapidly modernizing out-of-date government systems, streamlining processes, and delivering savings to the American taxpayer through centralized procurement,” said Michael Rigas, acting administrator of the General Services Administration, in a statement.

“Through this new agreement with AWS, federal agencies will be able to enhance delivery of critical services, leverage cloud and advanced AI technologies, and dramatically reduce costs,” Rigas added.

The AWS agreement will provide up to a total of $1 billion in direct incentive credits aggregated across federal civilian agencies, the GSA added.

Leave a Reply

Your email address will not be published. Required fields are marked *