Overview

• President Trump shifted to praising Lip-Bu Tan as a “great story” on Truth Social after previously calling for his immediate resignation.
• Trump said Tan will spend time with government officials and is expected to outline plans next week to strengthen U.S. technology and chip production.
• Intel described the White House meeting as an open and constructive discussion and promised to cooperate closely with the administration.
• Senator Tom Cotton has alleged Tan’s improper ties to China through his former company Cadence and given Intel’s board until mid-August to respond.
• Details of Tan’s upcoming proposals and the Intel board’s reply to Cotton’s security concerns have not yet been disclosed.