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. "No one—and I mean no one—can turn Intel around overnight," Susanto added. "Its challenges took years to build and will take years to fix."

Intel’s shares slumped Thursday as President Donald Trump said in a social media post that the chipmaker’s CEO must resign immediately.

President Donald Trump called for the Chief Executive Officer of the Intel technology company to step down Thursday, without stating precisely why.