Trump says Intel CEO has an ‘amazing story' days after calling for his resignation
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Tan was named Intel CEO in March and it is unclear if he has divested his interests in the chip companies.
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Tan said in a message to employees that there was misinformation circulating about his past roles at Walden International and Cadence Design Systems and said that he'd 'always operated within the highest legal and ethical standards.'
After a Monday meeting with Tan at the White House, Trump backed off his demand that Tan resign without hesitation.
'I met with Mr. Lip-Bu Tan, of Intel, along with Secretary of Commerce, Howard Lutnick, and Secretary of the Treasury, Scott Bessent,' Trump wrote in a Truth Social post. 'The meeting was a very interesting one. His success and rise is an amazing story. Mr. Tan and my Cabinet members are going to spend time together, and bring suggestions to me during the next week. Thank you for your attention to this matter!'
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Shares of Intel gained 3.5% Tuesday
The economic and political rivalry between the U.S. and China are increasingly focused on computer chips, AI and other digital technologies that are expected to shape future economies and military conflicts.
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