London
20 °C
Manchester
Glasgow
14 °C
Dublin
15 °C
Belfast
15 °C
Washington
Denver
Atlanta
Dallas
34 °C
Houston Texas
33 °C
New Orleans
30 °C
El Paso
Phoenix
Los Angeles
25 °C
9 °C
29 °C
Trump meets with Intel CEO after demanding he resign / Photo: © AFP
NYSE - LSE
| RBGPF | 5.47% | 76 | $ | |
| CMSD | -0.04% | 23.571 | $ | |
| RYCEF | -0.07% | 14.34 | $ | |
| RIO | 0.45% | 62.14 | $ | |
| SCS | 0.5% | 15.96 | $ | |
| BP | -0.56% | 33.95 | $ | |
| RELX | 0.08% | 48.04 | $ | |
| BTI | 1.87% | 58.33 | $ | |
| GSK | -0.24% | 37.71 | $ | |
| SCU | 0% | 12.72 | $ | |
| NGG | 0.31% | 71.23 | $ | |
| CMSC | 0.04% | 23.06 | $ | |
| JRI | -0.34% | 13.39 | $ | |
| BCC | -1.67% | 80.74 | $ | |
| VOD | 1.3% | 11.51 | $ | |
| BCE | 0% | 24.35 | $ | |
| AZN | 0.72% | 74.07 | $ |
Trump meets with Intel CEO after demanding he resign
US President Donald Trump on Monday said he had a "very interesting" meeting with the chief of US chip maker Intel, just days after calling for his resignation.
Trump said on his Truth Social platform that he met with Lip-Bu Tan along with Secretary of Commerce Howard Lutnick and Secretary of Treasury Scott Bessent.
"The meeting was a very interesting one," Trump said in the post. "His success and rise is an amazing story."
Trump added that members of his cabinet are going to spend time with Tan and bring the president "suggestions" next week.
Intel did not respond to a request for comment.
Trump demanded last week that the recently-hired boss of Intel resign "immediately," after a Republican senator raised national security concerns over his links to firms in China.
"The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem," Trump posted on Truth Social last Thursday.
Tan released a statement at the time saying that the company was engaged with the Trump administration to address the concerns raised and ensure officials "have the facts."
Intel is one of Silicon Valley's most iconic companies but its fortunes have been dwarfed by Asian powerhouses TSMC and Samsung, which dominate the made-to-order semiconductor business.
In a statement, Tan said there has been "a lot of misinformation circulating" about his past roles at Walden International and Cadence Design Systems.
"I have always operated within the highest legal and ethical standards," Tan said.
The Malaysia-born tech industry veteran took the helm at struggling Intel in March, announcing layoffs as White House tariffs and export restrictions muddied the market.
Intel's niche has been chips used in traditional computing processes, which are steadily being eclipsed by the AI revolution.
L.Zielinski--GL
