In a dramatic reversal of his public stance, President Donald Trump met with and praised Intel CEO Lip-Bu Tan on Monday
just days after demanding his immediate resignation. The meeting, which Trump called “a very interesting one
appeared to soothe market anxieties, with the chipmaker’s shares rising 3% in extended trading. Last week, President Trump injected significant uncertainty
into Intel’s turnaround efforts by calling Tan “highly conflicted” over his investment ties to Chinese firms and demanding he step down.
However, in a post on his Truth Social platform following the Monday meeting, Trump’s tone shifted entirely. “His success and rise is an amazing story,” the president said of Tan.
The meeting was also attended by Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent. According to Trump
his cabinet members and Tan will bring him suggestions next week, signaling a potential path forward for the embattled CEO and the iconic American company.
The initial conflict stemmed from an April Reuters report detailing Tan’s past investments in numerous Chinese firms, some with alleged links to the Chinese military.