Trump calls Intel CEO ‘success’ days after demanding resignation

President Donald Trump said on Monday that he and his cabinet members came together. Intel CEO Lip-This Tan, days after calling to resign the head of the chip manufacturer. Intel shares increased by 2% in expanded transaction.

“I met Mr Lip-This Tan from Intel, together with Trade Secretary Howard Lutnick and Treasury Secretary Scott Bessent,” Trump said Trump. Real social. “The meeting was a very interesting thing. His success and rise is an incredible story. Mr Tan and Cabinet members will spend time together and make suggestions for me next week. Thank you for paying attention to this issue!”

Intel did not respond to a request for a comment immediately.

Tan has been directed by Intel since 2022 and Pat Gelsinger’s CEO in March. Last week you. Tom Cotton questioned Tan’s ties with China. Cotton filed a past criminal case containing Cadence Design, where Tan was CEO, and asked Intel’s Tan’s Chinese Communist Party, the People’s Liberation Army and the positions linked to the assets in China.

Trump’s latest message points to a sharp change in last week’s tone. On Thursday, the President in a real social task, Tan “is very contradictory and should resign immediately. This problem has no other solution,” he wrote.

He said Intel Comment Later in that day, the company, director and Tan “USA depends on advancing the interests of national and economic security.”

Since the Trump administration fought China for superiority in artificial intelligence, it took a heavy hand in the business world, especially in the semiconductor market. During the weekend, the Nvidia agreed to pay a 15% deduction to the Federal government in exchange for receiving export control licenses that would allow Chinese and Chinese companies to sell the H20 chip once again. Nvidia CEO Jensen Huang visited Trump at the White House on Friday.

On Monday, President Trump initially said that chewing from Nvidia to 20% of his sales to China, but the number fell to 15% after CEO Jensen Huang negotiated with him.

Washington, at a press conference on DC, “Listen, I want 20% if I’m going to approve it for you,” I said. He said.

The 65 -year -old Tan took over Intel after he could not achieve a significant traction in the AI market, the struggling chipset. Nvidia It is dominant when burning cash to build the documentary business for chipset production.

Tan was born in Malaysia and grew up in Singapore before moving to the USA and obtaining a master’s degree from the Massachusetts Institute of Technology. In late July, Intel’s CEO, as the CEO of the first few months was not easy, the casting section said that there were layoffs and interruptions. Intel canceled plans for production sites in Germany and Poland and would slow down the development in Ohio.

In a conference meeting with analysts in July, he said, “It will take time to reverse the company and will require patience.” He continued: “We have a lot to correct the company to move forward.”

Intel shares increased by 3% this year from the closing of Monday. S&P 500 increased by 8.4%.

– Fred Imbert from CNBC contributed to this report.

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