U.S. President Donald Trump on Aug. 7 used his Truth Social platform to demand the immediate resignation of Intel’s new chief executive officer, Lip-Bu Tan, branding him “highly conflicted” over past investments in Chinese technology companies. The criticism echoed a letter from Republican Senator Tom Cotton that questioned whether Tan’s ties to those firms posed national-security risks. The public rebuke sent Intel shares tumbling roughly 5 % in early trading that day and added another layer of uncertainty to the chipmaker’s attempted turnaround. Tan, who took the helm in March, has been reshaping the company after years of manufacturing stumbles and heavy losses tied to its foundry ambitions. Tan responded in an internal memo that the allegations were based on “misinformation” and said he had the full backing of Intel’s board. The company pledged to work with the administration to clarify the facts and reaffirmed its commitment to U.S. technology leadership. Four days later, on Aug. 11, the CEO met Trump at the White House alongside Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent. After the meeting, Trump praised Tan’s “success and rise” as an “amazing story” and said his cabinet would spend the coming week developing recommendations with Tan. Intel’s stock gained about 5 % following news of the encounter. Trump’s abrupt shift from calling for Tan’s ouster to lauding his career suggests a possible opening for cooperation between the administration and the chipmaker. Whether the president’s original resignation demand still stands remains unclear, but further talks are expected as Intel seeks to align its strategy with U.S. economic and security priorities.