Overview

• President Trump met with Intel CEO Lip-Bu Tan at the White House days after calling him “highly conflicted” and demanding his immediate resignation, later describing the session as “very interesting” and praising Tan’s “amazing story.”
• Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent joined the meeting, during which Tan outlined his personal and professional background and proposed ways Intel could support U.S. national security and onshoring priorities.
• Intel said the conversation was candid and constructive and reiterated its commitment to strengthening domestic technology and manufacturing capabilities under its leadership.
• Shares of Intel climbed in reaction to the president’s shift in tone, with markets interpreting the endorsement as a sign of closer White House cooperation on semiconductor initiatives.
• Congressional scrutiny remains intense, as lawmakers continue to probe Tan’s past investments in Chinese semiconductor firms and the recent Cadence Design Systems guilty plea over unlawful exports.