Trump invites the CEO of Intel “success” days after calling for resignation

President Donald Trump Monday said that he and members of the cabinet met Intel The CEO of the lip, Tan, days later The name At the head of the chips maker to resign. Intel shares increased by 2 % in extended trading.

“I met with Mr. Lip-Bu Tan, from Intel, alongside the Minister of Commerce, Howard Lutnick, and the Secretary of the Treasury, Scott Bessant,” Trump wrote in a post on Social truth. “The meeting was very interesting. His success and ascension is an amazing story. Mr. Tan and members of the cabinet will spend some time together, and they will make suggestions for me next week. Thank you for your interest in this issue!”

Intel spokesman confirmed the meeting.

“Earlier today, Mr. Tan supervised President Trump’s meeting to discuss explicit and constructive about Intel’s commitment to strengthening American technology and manufacturing leadership,” the spokesman wrote in an e -mail.

Tan has been the Intel manager since 2022, and in March he replaced Gelsiner as CEO. Senator Tom Couton asked last week about Tan’s relationships with China. Cotton raised a previous criminal case Rhythm designThe CEO Tan was, and asked whether Intel was asking Tan to get rid of positions in the chips of the Chinese Communist Party, the People’s Liberation Army and any other entities in China.

The last message to Trump coincides with blatant Change in tone From last week. In a social publication, in fact, on Thursday, President Tan wrote that “he contradicts greatly and must be resigned immediately. There is no other solution to this problem.”

Intel said in a comment Later that day, the company and managers and Tan are “deeply committed to the development of American national and economic security services.”

The Trump administration has taken a heavy hand in the business world, especially in the semiconductor market, where the United States gets acquainted with China to excel in artificial intelligence. During the weekend, Nafidia He agreed to pay a 15 % reduction in the federal government in exchange for receiving export monitoring licenses that will be allowed again to sell the H20 chip to China and Chinese companies. The CEO of Nvidia Jensen Huang visited Trump at the White House on Friday.

President Trump said on Monday that he initially asked NVIDIA to reduce 20 % of the sales of the chips maker to China, but the number decreased to 15 % after Huang negotiated with him.

“I said, listen, I want 20 % if I will agree to this for you, for the country,” ” Trump said At a press conference in Washington, DC

Tan, 65, Intel after the failure of the faltering chips failed Nafidia He dominated this, while he was burning money to build a museum to manufacture chips.

It was Tan child In Malaysia, it was raised in Singapore before moving to the United States and receiving a master’s degree from the Massachusetts Institute of Technology. He said in late July that the first few months as the CEO of Intel was not easy, with workers and cutting into the Foundry section.

He told employees that Intel canceled plans for manufacturing sites in Germany and Poland and will slow the development in Ohio.

“The heart of the company will take time and require patience,” Tan said at a phone conference with analysts in July. “We have a lot to fix it to move the company forward.”

Intel shares increased by 3 % this year from the closure of Monday. S & P 500 rises 8.4 %.

– Farid Embrt from CNBC contributed to this report.

He watches: President Trump requests the CEO of Intel