Trump meets Malaysian-born Intel CEO just days after demanding his resignation
Trump said on his Truth Social platform that he met with Lip-Bu Tan along with Secretary of Commerce Howard Lutnick and Secretary of Treasury Scott Bessent.
"The meeting was a very interesting one," Trump said in the post. "His success and rise is an amazing story."
Trump added that members of his cabinet are going to spend time with Tan and bring the president "suggestions" next week.
Intel did not respond to a request for comment.
Trump demanded last week that the recently-hired boss of Intel resign "immediately," after a Republican senator raised national security concerns over his links to firms in China.
"The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem," Trump posted on Truth Social last Thursday.
Tan released a statement at the time saying that the company was engaged with the Trump administration to address the concerns raised and ensure officials "have the facts."
Intel is one of Silicon Valley's most iconic companies but its fortunes have been dwarfed by Asian powerhouses TSMC and Samsung, which dominate the made-to-order semiconductor business.
In a statement, Tan said there has been "a lot of misinformation circulating" about his past roles at Walden International and Cadence Design Systems.
"I have always operated within the highest legal and ethical standards," Tan said.
The Malaysian-born tech industry veteran took the helm at struggling Intel in March, announcing layoffs as White House tariffs and export restrictions muddied the market.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
18 minutes ago
- The Star
Putin appears ready to test new missile as he prepares for Trump talks, researchers say
WASHINGTON (Reuters) -Russia appears to be preparing to test its new nuclear-armed, nuclear-powered cruise missile, according to two U.S. researchers and a Western security source, even as Russian President Vladimir Putin readies for talks on Ukraine with U.S. President DonaldTrumponFriday. Jeffrey Lewis of the California-based Middlebury Institute of International Studies, and Decker Eveleth of the CNA research and analysis organization, based in Virginia, reached their assessments separately by studying imagery taken in recent weeks until Tuesday by Planet Labs, a commercial satellite firm. They agreed the photos showed extensive activity at the Pankovo test site on the Barents Sea archipelago of Novaya Zemlya, including increases in personnel and equipment and ships and aircraft associated with earlier tests of the 9M730 Burevestnik (Storm Petrel). "We can see all of the activity at the test site, which is both huge amounts of supplies coming in to support operations and movement at the place where they actually launch the missile," Lewis said. A Western security source, who asked not to be further identified, confirmed that Russia is preparing a Burevestnik test. Lewis said a test could occur this week, raising the possibility it could overshadow the Trump-Putin summit in Alaska. Asked for comment, the White House did not address the possibility of a Burevestnik test. The Pentagon, the CIA, and Russia's Defense Ministry declined to comment. Putin has said the weapon - dubbed the SSC-X-9 Skyfall by NATO - is "invincible" to current and future missile defenses, with an almost unlimited range and unpredictable flight path. Lewis, Eveleth, and two arms control experts said the missile's development has taken on more importance for Moscow since Trump announced in January the development of a U.S. Golden Dome missile defense shield. But many experts say it is unclear the missilecan evade defenses, will not give Moscow capabilities it does not already have, and will spew radiation along its flight path. A test would have been scheduled long in advance of last week's announcement of the Trump-Putin meeting, the researchers and experts said. But Putin could have suspended preparations in view of U.S. spy satellites to signal his openness to ending his war in Ukraine as well as to restarting arms-control talks with the U.S., the experts said. New START, the last U.S.-Russia pact capping strategic nuclear deployments, expires on February 5. "Sometimes you can push up or push down the schedule for a political reason," said Tom Countryman, a former acting undersecretary of state for arms control. The Burevestnik has a poor test record, according to the Nuclear Threat Initiative advocacy group, with two partial successes among 13 known tests. SPECIAL AIRCRAFT Eveleth and Lewis said the Planet Labs imagery showed stacks of shipping containers, equipment, and personnel arriving since late July. Lewis said two aircraft equipped to gather test data had been parked at the archipelago's Rogachevo military airfield since mid-July. Images he provided to Reuters showed two large jets mounted with saucer-shaped radar domes. He noted the presence of at least five ships associated with previous tests. A ship-tracking website - - showed a sixth ship linked to earlier tests was due to arrive on Tuesday, he said. Reuters confirmed the website showed the vessel, a cargo ship named the Teriberka, bound for Novaya Zemlya, but could not independently confirm the researchers' other findings. Eveleth and Lewis said they began examining imagery of Pankovo starting from July, after Russia on August 6 published a noticeto mariners to stay away from the area from August 9-12. Reuters found a series of notices on the U.S. Federal Aviation Administration's Defense Internet NOTAM Service issued by Russia showing a possible launch window between August 9-22. The Norwegian military told Reuters in an email that the Barents Sea is a "prime location for Russian missile tests" and that it had indications from notices and maritime warnings of "preparations for test activities." But it said it would "not confirm any knowledge of what kind of munitions they are to test." In late July, Eveleth said, he noticed a shelter protecting the Burevestnik launcher from the weather was being slid back and forth, which he called "very clear evidence" of plans for a test. Lewis provided to Reuters images taken of the site on August 7 showing the protective launcher cover, stacks of shipping containers, a crane for moving them, and a helicopter. "It's full steam ahead," he said of the pace of test preparations. (Reporting by Jonathan Landay; Additional reporting by Jonathan Saul, Nerijus Adomaitis, Guy Faulkenridge and Idress Ali; Editing by Don Durfee and Rod Nickel)
The Star
an hour ago
- The Star
European leaders comment on teleconference with Trump on Ukraine
Ukrainian President Volodymyr Zelenskiy and German Chancellor Friedrich Merz (R) wait for the beginning of a virtual talk between European leaders with the US President on the Ukraine war ahead of the summit between the US and Russian leaders, in Berlin, Germany, on August 13, 2025. European leaders will hold online talks with US President Donald Trump, hoping to convince him to respect Ukraine's interests when he discusses the war with Putin in Alaska on Friday. JOHN MACDOUGALL/Pool via REUTERS (Reuters) -Donald Trump joined a teleconference with European leaders including Ukrainian President Volodymyr Zelenskiy on Wednesday, two days before the U.S. leader is due to hold a summit with Russia's Vladimir Putin on a possible peace deal for Ukraine. Following are some quotes from the leaders following the call: UKRAINE'S PRESIDENT VOLODYMYR ZELENSKIY "Everything concerning Ukraine must be discussed only with Ukraine's participation. We must be preparing a trilateral format (along with Trump and Putin) for talks. "A ceasefire must be the number one priority... There should be security guarantees. Truly reliable." FRENCH PRESIDENT EMMANUEL MACRON "President Trump was very clear that the United States wanted to achieve a ceasefire at this meeting in Alaska... "The second point on which things were very clear, as expressed by President Trump, is that territories belonging to Ukraine cannot be negotiated and will only be negotiated by the Ukrainian president." "There are currently no serious territorial exchange schemes on the table." GERMAN CHANCELLOR FRIEDRICH MERZ "The principle that borders cannot be changed by force must continue to apply. "Negotiations must include robust security guarantees for Kyiv. The Ukrainian armed forces must be able and remain able to effectively defend the sovereignty of their country. They must also be able to count on Western aid in the long term. "Negotiations must be part of a common transatlantic strategy. Then they can ultimately be most likely to succeed. This strategy must continue to rely on strong support for Ukraine and necessary pressure against Russia. This also means, if there is no movement on the Russian side in Alaska, then the United States, we and Europeans should and must increase the pressure. "President Trump knows this position, he shares it very extensively and therefore I can say: We have had a really exceptionally constructive and good conversation with each other." (Reporting by Reuters bureauxCompiled by Gareth Jones)
New Straits Times
an hour ago
- New Straits Times
Crude oil market bets Trump's India threats are hollow
THE crude oil market's rather sanguine reaction to the United State s' threats to India over its continued purchases of Russian oil is effectively a bet that very little will actually happen. President Donald Trump cited India's imports of Russian crude when imposing an additional 25 per cent tariff on imports from India on Aug 6, which is due to take effect on Aug 28. If the new tariff rate does come into place, it will take the rate for some Indian goods to as much as 50 per cent, a level high enough to effectively end US imports from India, which totalled nearly US$87 billion in 2024. As with everything related to Trump, it pays to be cautious given his track record of backflips and pivots. It's also not exactly clear what Trump is ultimately seeking, although it does seem that in the short term he wants to increase his leverage with Russian President Vladimir Putin ahead of their planned meeting in Alaska this week, and he's using India to achieve this. Whether Trump follows through on his additional tariffs on India remains uncertain, although the chances of a peace deal in Ukraine seem remote, which means the best path for India to avoid the tariffs would be to acquiesce and stop buying Russian oil. But this is an outcome that simply isn't being reflected in current crude oil prices. Global benchmark Brent futures have weakened since Trump's announcement of higher tariffs on India, dropping as low as US$65.81 a barrel in early Asian trade on Monday, the lowest level in two months. This is a price that entirely discounts any threat to global supplies, and assumes that India will either continue buying Russian crude at current volumes, or be able to easily source suitable replacements without tightening the global market. Are these reasonable assumptions? The track record of the crude oil market is somewhat remarkable in that it quickly adapts to new geopolitical realities and any price spikes tend to be shortlived. The Russian invasion of Ukraine in February 2022 sent crude prices hurtling towards US$150 a barrel as European and other Western countries pulled back from buying Russian crude. But within four months, the price was back below where it was before Moscow's attack on its neighbour as the market simply rerouted the now discounted Russian oil to China and India. In other words, the flow of oil around the globe was shifted, but the volumes available for importers remained much the same. But what Trump is proposing now is somewhat different. It appears he wants to cut Russian barrels out of the market in order to put financial pressure on Moscow to cut a deal over Ukraine. There are effectively only two major buyers for Russian crude, India and China. China, the world's biggest crude importer, has more leverage with Trump given US and Western reliance on its refined critical and other minerals, and therefore is less able to be coerced into ending its imports of Russian oil. India is in a less strong position, especially private refiners like Reliance Industries, which will want to keep business relationships and access to Western economies. India imported about 1.8 million barrels per day of Russian crude in the first half of the year, according to data compiled by commodity analysts Kpler. About 90 per cent of its Russian imports came from Russia's European ports, mainly Urals grade. There are some Middle Eastern grades of similar quality, such as Saudi Arabia's Arab Light and Iraq's Basrah Light, but it would likely boost prices if India were to seek more of these crudes. If Chinese refiners were able to take the bulk of Russian crude given up by India, it may allow for a reshuffling of flows, but that would not appear to be what Trump wants. Trump and his advisers may believe there is enough spare crude production capacity in the US and elsewhere to handle the loss of up to two million bpd of Russian supplies. But testing that theory may well lead to higher prices, especially for certain types of medium crudes which would be in short supply. For now, the crude oil market is assuming that the Trump/India/Russia situation will end as another TACO, the acronym for Trump Always Chickens Out. The writer is from Reuters
