
Trump meets with Intel CEO after demanding he resign
"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 Malaysia-born tech industry veteran took the helm at struggling Intel in March, announcing layoffs as White House tariffs and export restrictions muddied the market.
Intel's niche has been chips used in traditional computing processes, which are steadily being eclipsed by the AI revolution.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


France 24
8 minutes ago
- France 24
Markets rise on growing rate cut hopes
The S&P 500 and Nasdaq finished at fresh highs Tuesday after US data showed a tamer-than-feared impact on prices from President Donald Trump's tariff blitz. That boosted hopes among that the US Federal Reserve and its embattled chief Jerome Powell will cut interest rates next month. "Jerome 'Too Late' Powell must NOW lower the rate," Trump said on Truth Social, while also threatening a "major lawsuit" over renovations to Fed buildings. The US consumer price index reading for July showed annualised inflation at 2.7 percent, unchanged from a month earlier. Investors calculated that the benign data was not enough to sway the Fed away from an expected interest rate cut next month. "Stocks... took the (inflation) number as confirmation that September is shaping up to be the long-anticipated 'insurance cut' in an economy still treading water above the break-even line," said Stephen Innes at SPI Asset Management. Katy Stoves, investment manager at Mattioli Woods, warned however: "This gentle cooling of the economy will certainly not justify a cut of interest rates to one percent as President Donald Trump is calling for." Tokyo climbed 1.3 percent to a record high and Hong Kong rose 2.6 percent while Seoul, Shanghai, Taipei, Singapore, Kuala Lumpur, Bangkok and Jakarta also saw healthy gains. Europe followed suit, with London, Frankfurt and Paris all higher in early trade. Oil prices edged lower after OPEC raised its demand forecast for 2026, signalling it expected stronger global activity next year. Investor focus was also on a summit in Alaska on Friday between Trump and Russian leader Vladimir Putin on the three-year-old Ukraine war. In corporate news, AI firm Perplexity offered Google $34.5 billion for its Chrome web browser, which it may have to sell as part of antitrust proceedings. Intel rose 5.5 percent on Wall Street after CEO Lip-Bu Tan met with Trump, who praised the executive after previously calling for him to step down. Key figures at around 0820 GMT Tokyo - Nikkei 225: UP 1.3 percent at 43,274.67 (close) Hong Kong - Hang Seng Index: UP 2.6 percent at 25,613.67 (close) Shanghai - Composite: UP 0.5 percent at 3,683.46 (close) London - FTSE 100: UP 0.3 percent at 9,172.20 Euro/dollar: UP at $1.1718 from $1.1677 on Tuesday Pound/dollar: UP at $1.3561 from $1.3501 Dollar/yen: DOWN at 147.39 yen from 147.77 yen Euro/pound: DOWN at 86.41 pence from 86.45 pence


Euronews
20 minutes ago
- Euronews
Zelenskyy warns Putin wants the rest of Ukraine's Donbas region
Ukrainian President Volodymyr Zelenskyy said Tuesday that Russian President Vladimir Putin wants Kyiv to withdraw from the remaining parts of Ukraine's eastern Donbas region that it controls as part of a ceasefire deal. Speaking at a press briefing in the Ukrainian capital, Zelenskyy said Putin wants control over the 9,000 square kilometres of Donetsk under Kyiv's control, where the war's toughest battles are grinding on. He then reiterated that Ukraine would not withdraw from its own land, saying that would be unconstitutional and would serve only as a springboard for a future Russian invasion. 'We will not leave Donbas. We cannot do this. Everyone forgets the first part—our territories are illegally occupied,' Zelenskyy told reporters at the briefing on Tuesday. 'Donbas for the Russians is a springboard for a future new offensive.' According to the Ukrainian leader, this is what occurred when Russia illegally annexed the Crimean Peninsula in 2014. In September 2022, Russia illegally and unilaterally annexed parts of Donetsk and Luhansk, the two administrative territories that comprise Ukraine's Donbas region, in a move rejected by Kyiv and the international community alike. Zelenskyy learned of plan from US officials The comments come as US President Donald Trump and Russian President Vladimir Putin prepare to meet in Alaska on Friday. It also comes as Russian forces on the ground have been closing in on a key territorial grab around the city of Pokrovsk. On Tuesday, Zelenskyy said diplomatic discussions led by the US, focusing on ending Moscow's war, have not touched on security guarantees for Ukraine to prevent future Russian aggression, and that meeting formats currently being discussed do not include Europe's participation, both key demands of Kyiv. Zelenskyy said the necessity of territorial concessions was conveyed to him by US officials ahead of Friday's summit in Alaska and in further meetings at the level of national security officials. A call with Trump and special envoy Steve Witkoff after the latter's bilateral meeting with Putin gave more details about this, he said. Witkoff reportedly told Zelenskyy that Russia was ready to end the war and that there should be territorial concessions from both sides. Some European partners were also part of the call. Seeking Trump's ear before Friday's summit It remains unclear whether Ukraine would take part in the Alaska summit. European leaders have also been left out of the meeting. The concerns are growing as Europeans and Ukraine are wary that Putin, who has waged the biggest land war in Europe since 1945 and used Russia's energy might to try to intimidate the EU, might secure favourable concessions from Trump and set the outlines of a peace deal without them. This Wednesday, European leaders are expected to make a fresh attempt to rally Trump to Ukraine's cause at virtual meetings convened by German Chancellor Friedrich Merz. Trump did not confirm whether he would take part, but did say on Monday, 'I'm going to get everybody's ideas,' before meeting with Putin. Trump has said he wants to see whether Putin is serious about ending Russia's war, now in its fourth year. Washington suggested a bilateral meeting with Russia, followed by a trilateral meeting with Ukraine, Zelenskyy said on Tuesday, referring to the arrangement for the current ceasefire talks. Europe is the only partner that can ensure security, especially as they were the ones funding the Ukrainian army, Zelenskyy said, explaining the importance of having their presence in the talks.


Euronews
33 minutes ago
- Euronews
White House orders US museum review to ensure they meet Trump's agenda
The White House is ordering a wide-ranging review of the Smithsonian museums and exhibitions ahead of the country's 250th birthday. The goal? Aligning the institution's content with Donald Trump's interpretation of American history. In a letter sent Tuesday to Smithsonian Institution Secretary Lonnie Bunch III, the White House laid out in detail the steps it expects the organization to take as part of the announced review. The probe will look at all public-facing content, such as social media, exhibition text and educational materials, to 'assess tone, historical framing, and alignment with American ideals,' according to the letter. 'This initiative aims to ensure alignment with the President's directive to celebrate American exceptionalism, remove divisive or partisan narratives, and restore confidence in our shared cultural institutions,' the letter added. This review ordered by the White House directs the museums to submit materials from exhibits and drafts for upcoming events within 30 days. Within 120 days, the letter said, museums will be expected to take corrective action, 'replacing divisive or ideologically driven language with unifying, historically accurate, and constructive descriptions." The Smithsonian said it remained committed to 'scholarly excellence, rigorous research, and the accurate, factual presentation of history." 'We are reviewing the letter with this commitment in mind and will continue to collaborate constructively with the White House, Congress, and our governing Board of Regents,' it said in a statement. The Smithsonian probe will initially focus on eight museums: the National Museum of American History, the National Museum of Natural History, the National Museum of African American History and Culture, the National Museum of the American Indian, the National Air and Space Museum, the Smithsonian American Art Museum, the National Portrait Gallery and the Hirshhorn Museum and Sculpture Garden. The letter said additional museums would be reviewed in subsequent phases. The review, first reported by The Wall Street Journal, is the latest attempt by Trump to bring the country's cultural institutions in line with his vision. In February, Trump removed the Kennedy Center's Board of Trustees and replaced them with his supporters. He even named himself chairman and vowed to end events featuring performers in drag, indicating he would take on a larger role in dictating the institution's programming schedule. This drew criticism from some artists, including the producers of Broadway hit musical Hamilton, who pulled out of staging the show in 2026, citing Trump's aggressive takeover of the institution's leadership. Other artists who cancelled events include actor Issa Rae, singer Rhiannon Giddens and author Louise Penny. In March, Trump signed an executive order titled 'Restoring Truth and Sanity to American History,' which accused the Smithsonian of coming under the influence of a 'divisive, race-centered ideology' and called upon it to 'remove improper ideology' from the institution's museums. As for the Smithsonian, it has repeatedly denied allegations that it has changed or removed exhibit details in response to pressure from the Trump administration. As we reported earlier this month, the institution removed references to Trump's two impeachments from an exhibit on the American presidency. A spokesman for the museum said the references, which were added in 2021, were intended to be a temporary measure and said a future exhibit would include details on all presidential impeachments. The institution said there had been no nudge from the White House, with its statement reading: 'We were not asked by any Administration or other government official to remove content from the exhibit.' The timing of this now raises even more eyebrows, as Trump is clearly doubling down on his campaign to 'restore truth' to what he sees as 'anti-American' cultural spaces.