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.

Shares of Intel slumped Thursday after President Donald Trump said in a social media post that the chipmaker's CEO needs to resign. “The CEO of Intel is highly CONFLICTED and must resign, immediately,

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.