Overview

• President Trump’s call last Thursday for Lip-Bu Tan to resign over alleged conflicts with Chinese chip investments sent Intel shares down nearly 3 percent.
• On Monday, Trump met with Tan at the White House alongside Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent and described the discussion as “frank and constructive.”
• After the president’s public praise, Intel stock rebounded by about 3 percent in postmarket trading.
• Senator Tom Cotton had earlier urged Intel’s board to probe Tan’s holdings in multiple Chinese firms, eight of which he claimed were linked to China’s military.
• Intel and Tan say they are cooperating with U.S. authorities and that Tan has acted ethically, but it remains unclear whether he has divested the challenged China-related assets.