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

Intel (INTC) shares are down more than 3% today after the U.S. president demanded that Lip-Bu Tan – the company’s chief executive – “resign immediately.” According to President Donald Trump, Tan is “highly CONFLICTED” and there is “no other solution to this problem.

According to a White House official, Apple will announce a new $100 billion commitment in the U.S., an acceleration of its U.S. investment that now totals $600 billion over the next four years.

Apple stock gained 3.2% Thursday, a second day of solid gains, after President Trump said late Wednesday the iPhone maker and other tech companies could avoid 100% chip tariffs by [investing in U.S. m