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Trump holds high-stakes meeting with Intel CEO after calling for his resignation
UNITED STATES, AUG 11 – Trump reversed his call for Intel CEO Lip-Bu Tan's resignation after national security concerns, with the company's stock rising 2% following their White House meeting, and further talks planned.
- US President Donald Trump met with Intel CEO Lip-Bu Tan at the White House on Monday, Aug. 11, following earlier calls for his resignation.
- Trump had demanded Tan's immediate resignation last week over national security concerns tied to Tan's investments in Chinese firms linked to the military.
- Tan, Intel's CEO since March, responded by denying misinformation about his record and has full backing from Intel's board while addressing strategic shifts at Intel.
- Trump described the meeting as "a very interesting one" and praised Tan's success, while announcing that cabinet members will consult with Tan and bring suggestions next week.
- The meeting signals ongoing engagement by the administration despite prior tensions, with implications for Intel's efforts to recover amid AI industry challenges.
212 Articles
212 Articles
In a reversal, Trump praises Intel CEO days after demanding his resignation
Less than a week after publicly demanding the resignation of Intel's CEO, Donald Trump has changed his tune, now calling Lip-Bu Tan's career an "amazing story". The pivot comes after Trump's initial attack last week sent Intel shares sliding. The stock bounced back on Tuesday, rising before the market opened. The controversy The initial controversy was sparked by a letter from Senator Tom Cotton to Intel Chairman Frank Yeary. Cotton expressed co…
Trump Reverses Intel CEO Ouster Demand - American Faith
President Donald Trump has shifted his position on Intel CEO Lip-Bu Tan, just days after demanding Tan step down over reported ties to Chinese companies. The reversal came following a White House meeting with Tan, Secretary of Commerce Howard Lutnick, and Secretary of the Treasury Scott Bessent. The controversy began when Sen. Tom Cotton (R-AR) sent a letter to Intel’s board raising national security concerns over Tan’s more than $200 million in…
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