President Donald Trump urged the chief executive officer of Intel Corp. to resign over what he called conflicts of interest, injecting fresh turmoil at a company already struggling to stem losses and eke out relevance in the artificial intelligence age.

Intel CEO Lip-Bu Tan has responded to President Donald Trump’s call for his resignation over alleged conflicts of interest. In a memo sent to staff on Thursday, Tan said those concerns are based on “misinformation.”

Intel CEO Lip-Bu Tan says he’s “always operated within the highest legal and ethical standards” after coming under pressure following President Donald Trump’s call for him to resign.