Intel Chief Executive Officer Lip-Bu Tan met with U.S. President Donald Trump at the White House on Monday, just four days after the president publicly demanded the executive’s immediate resignation over what he called conflicts tied to Tan’s past investments in Chinese semiconductor companies. Following the meeting, Trump posted on Truth Social that the discussion was “very interesting,” praised Tan’s “success and rise,” and said Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent would work with the CEO in the coming days and present him with proposals next week on ways the company and the administration could collaborate. Intel said in a statement that the conversation was “candid and constructive” and reaffirmed the chipmaker’s commitment to strengthening U.S. technology and manufacturing leadership. Tan, who became CEO in March, has been under scrutiny from lawmakers, including Republican Senator Tom Cotton, over his long-standing venture-capital investments in China. The apparent thaw in relations buoyed investor sentiment. Intel shares climbed about 3% during Monday’s session and extended their gains to more than 5% in after-hours trading once Trump’s remarks surfaced, erasing losses that followed his earlier demand for Tan’s ouster.
Four days apart. "The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem!" "His success and rise is an amazing story." https://t.co/IP8DXMKBSw
Diplomacy may be soft power, but in President Donald Trump's administration, it's also lately a soft landing. https://t.co/QGDeKlQsxo
OPINION | Trump was right the first time: Fire Intel's CEO https://t.co/3JRxBg3Mlp