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

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.

I fully share the president’s commitment to advancing U.S. national and economic security," Lip-Bu Tan told employees.