Trump commends Intel CEO Lip-Bu Tan, whom he previously urged to step down, as he lauds Tan's subsequent achievements, labeling them an "astonishing tale of success"
President Donald Trump met with Intel CEO Lip-Bu Tan at the White House on August 7, 2025, marking a significant shift in the relationship between the tech giant and the administration. The discussion, described as candid and constructive, centred on advancing U.S. technology and manufacturing leadership.
Prior to the meeting, Trump had publicly demanded Tan's resignation, citing concerns over potential conflicts related to China. However, following their encounter, Trump appeared to change his stance, signalling a renewed engagement between Intel and the administration.
In a letter to Intel employees, Tan reaffirmed his alignment with the administration's goals on national and economic security, and highlighted Intel’s progress on ramping up advanced semiconductor manufacturing in the U.S. later that year. He emphasized Intel’s role in the U.S. technology ecosystem and the company’s ongoing transformation and innovation efforts.
Trump's latest message concerning the Intel CEO was posted on Truth Social, where he praised Tan and announced that his cabinet members would work with him and bring suggestions for the coming week. The outcome of the meeting was revealed in a statement by Intel, emphasizing its commitment to strengthening U.S. technology and manufacturing leadership.
Meanwhile, Intel reached out to the White House to "engage with the administration" and present facts to address the concerns raised. The company also announced that it had agreed to pay 15% to the Federal government in return for receiving the export control license.
The meeting also saw the attendance of Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent, and other unspecified members of Trump's cabinet. The nature of the alleged links to Chinese firms, which initially sparked Trump's demand for Tan's resignation, was not elaborated upon in the article.
In response to the "misinformation" surrounding the allegations, Tan stated in a letter to employees that he had always acted within the highest legal and ethical standards. Republican Senator Tom Cotton's letter to the Intel board highlighted Tan's investment in Chinese semiconductor companies and the country's military.
The meeting between Intel and Trump comes amidst a broader focus on U.S. technology and economic security. Nvidia's CEO, Jensen Huang, also met with Trump at the White House regarding the H20 AI chip sale license. Today, Intel's share price is up 3.66%, and its revenue is gradually increasing.
In conclusion, the meeting between Trump and Tan marks a turning point in the relationship between Intel’s leadership and the Trump administration, focusing on cooperation to enhance American semiconductor manufacturing and technology innovation.
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