By Skylar Woodhouse, Bloomberg
President Donald Trump mentioned members of his Cupboard would proceed discussions with Lip-Bu Tan within the coming days after assembly with the Intel Corp. chief govt officer on the White Home on Monday.
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“The meeting was a very interesting one,” Trump mentioned in a social media submit. “His success and rise is an amazing story. Mr. Tan and my Cabinet members are going to spend time together, and bring suggestions to me during the next week.”
Intel, in a press release, mentioned Tan and Trump had mentioned the corporate’s “commitment to strengthening U.S. technology and manufacturing leadership,” casting the talks as “candid and constructive.”
“We appreciate the President’s strong leadership to advance these critical priorities and look forward to working closely with him and his Administration as we restore this great American company,” the assertion added.
The president’s heat remarks have been a stark reversal from simply 4 days earlier, when Trump referred to as for Tan’s resignation and accused him of getting conflicts of curiosity.
Trump final week wrote in a submit on Reality Social that Tan ought to step down as chief of the American chipmaker, describing him as “highly CONFLICTED.”
The submit got here after Republican Senator Tom Cotton requested the chairman of Intel’s board to reply questions on Tan’s ties to China, together with investments within the nation’s semiconductor firms and others with connections to its navy.
Tan has mentioned he has the total backing of the corporate’s board and had reached out to the White Home to clear up what he referred to as “misinformation” about his monitor report.
The chipmaker’s shares jumped greater than 2% in prolonged buying and selling following Trump’s submit on Monday. The inventory declined 3.1% on Aug. 7, the day of the president’s preliminary remarks.
–With help from Derek Wallbank.
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Initially Revealed: August 13, 2025 at 9:56 AM PDT
