Overview

• On August 11, Tan met President Trump at the White House alongside Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent, winning rare presidential praise for his “amazing” success story.
• Intel called the session a candid and constructive discussion about bolstering US technology and domestic chip manufacturing.
• Shares of Intel rose roughly 4% following the meeting as investors bet on deeper collaboration with the administration.
• Senator Tom Cotton and other Republicans continue to demand disclosures on Tan’s past investments, including about $200 million in Chinese semiconductor and manufacturing companies.
• Unresolved questions remain over potential divestments, conflict-mitigation steps and Intel’s qualification for nearly $8 billion in CHIPS Act subsidies.