US EditionTrump 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.
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60 Articles
Intel is in crisis. In fact, the new boss Lip-Bu Tan is supposed to lead the US chip group on the right track, but Donald Trump wants to get rid of it as soon as possible. Now the US president makes up his mind - the manager should exchange views with the government.
Trump makes a U-turn on Intel chief, calls him a 'success' after White House meeting
Trump on Monday praised Intel CEO Lip-Bu Tan as a “success” just days after demanding his resignation, marking a sharp reversal amid his administration’s push to boost US chip manufacturing.
Donald Trump met with Intel CEO Lip-Bu Tan. Just days after he publicly asked for his resignation, due to concerns about his investments in Chinese companies, the president met Tan personally. Intel is the largest chip maker in the United States.Read more]]>
Here you can find information on the topic of "Crisis World Chip Group". Read now "Trump praises "great history" of the Intel boss.
In fact, it is unusual for a US president to interfere with a company's business with a resignation request. Intel CEO Lip-Bu Tan seems to be coping with this situation so far.
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