U.S. President Donald Trump on Monday mentioned he had a “very interesting” assembly with the chief of US chip maker Intel, simply days after calling for his resignation.
Mr. Trump mentioned on his Truth Social platform that he met with Lip-Bu Tan alongside with Secretary of Commerce Howard Lutnick and Secretary of Treasury Scott Bessent.
“The meeting was a very interesting one,” Mr. Trump mentioned within the submit. “His success and rise is an amazing story.”
Mr. Trump added that members of his cupboard are going to spend time with Mr. Tan and produce the president “suggestions” subsequent week.
“Mr. Tan had the honor of meeting with President Trump for a candid and constructive discussion on Intel’s commitment to strengthening US technology and manufacturing leadership,” the corporate mentioned in a posted assertion.
Intel added that it seems to be “forward to working closely with him and his Administration as we restore this great American company.”
Mr. Trump demanded final week that the recently-hired boss of Intel resign “immediately,” after a Republican senator raised nationwide safety considerations over his hyperlinks to corporations in China.
“The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem,” Mr. Trump posted on Truth Social final Thursday.
Mr. Tan launched an announcement on the time saying that the corporate was engaged with the Trump administration to handle the considerations raised and guarantee officers “have the facts.”
Intel is one in all Silicon Valley’s most iconic corporations however its fortunes have been dwarfed by Asian powerhouses TSMC and Samsung, which dominate the made-to-order semiconductor enterprise.
In an announcement, Mr. Tan mentioned there was “a lot of misinformation circulating” about his previous roles at Walden International and Cadence Design Systems.
“I have always operated within the highest legal and ethical standards,” Mr. Tan mentioned.
The Malaysia-born tech business veteran took the helm at struggling Intel in March, asserting layoffs as White House tariffs and export restrictions muddied the market.
Intel’s area of interest has been chips utilized in conventional computing processes, that are steadily being eclipsed by the AI revolution.
