US President Donald Trump has reportedly changed his mind regarding an earlier demand that Intel CEO Lip-Bu Tan resign immediately after meeting with him at the White House.
The meeting, which took place on August 11th included members of President Trump’s cabinet.
“I met with Mr. Lip-Bu Tan, of Intel, along with Secretary of Commerce, Howard Lutnick, and Secretary of the Treasury, Scott Bessent”, Trump wrote in a post on Truth Social. “The meeting was a very interesting one. 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. Thank you for your attention to this matter!”
Intel stated Tan had “the honour of meeting with President Trump for a candid and constructive discussion on Intel’s commitment to strengthening US technology and manufacturing leadership”.
“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”.
Last week, Trump wrote on Truth Social there was “no other solution to this problem” than the departure of Tan, who took over as CEO in March following the exit of Pat Gelsinger in late 2024.
Reuters reported Intel chair Frank Yeary was quizzed by a politician over Tan’s Chinese links and running of Cadence Design Systems, where he was CEO for 12 years.
Source: Mobile World Live
Image Credit: Intel
