Overview

• President Trump praised Lip-Bu Tan’s “amazing story” after meeting him at the White House days after calling for the Intel CEO’s immediate resignation over alleged conflicts of interest.
• Trump described the meeting as “very interesting” on Truth Social and said that Tan and his cabinet secretaries would collaborate on suggestions to advance U.S. technology.
• Shares of Intel rose nearly 4% during Monday’s trading session and extended gains in after-hours trading as investors welcomed Tan’s improving ties with the administration.
• The turnabout follows scrutiny over Tan’s reported $200 million investments in Chinese advanced-manufacturing firms and Cadence’s $140 million settlement over unlawful exports to a Chinese military-linked research institute.
• Lawmakers led by Sen. Tom Cotton continue to seek disclosures on Tan’s China ties and potential conflicts of interest, suggesting further congressional inquiries lie ahead.