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CTV News
6 hours ago
- CTV News
Trump says Intel CEO has an ‘amazing story' days after calling for his resignation
Less than a week after demanding his resignation, President Donald Trump is now calling the career of Intel's CEO an 'amazing story.' Shares of Intel, which slid last week after CEO Lip-Bu Tan came under fire from the U.S. President, bounced higher before the opening bell Tuesday. The attack from Trump came after Sen. Tom Cotton sent a letter to Intel Chairman Frank Yeary expressing concern over Tan's investments and ties to semiconductor firms that are reportedly linked to the Chinese Communist Party and the People's Liberation Army. Cotton asked Intel if Tan had divested from the companies to eliminate any potential conflict of interest. Trump said on the Truth Social platform Thursday that, 'The CEO of Intel is highly CONFLICTED and must resign, immediately. There is no other solution to this problem. Thank you for your attention to this problem!' Tan was named Intel CEO in March and it is unclear if he has divested his interests in the chip companies. 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!' Shares of Intel rose gained more than three per cent in premarket trading. 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. Michelle Chapman, The Associated Press


Globe and Mail
7 hours ago
- Globe and Mail
Trump says Intel CEO has an 'amazing story' days after calling for his resignation
Less than a week after demanding his resignation, President Donald Trump is now calling the career of Intel's CEO is an 'amazing story.' Shares of Intel, which slid last week after CEO Lip-Bu Tan came under fire from the U.S. president, bounced higher before the opening bell Tuesday. The attack from Trump came after Sen. Tom Cotton sent a letter to Intel Chairman Frank Yeary expressing concern over Tan's investments and ties to semiconductor firms that are reportedly linked to the Chinese Communist Party and the People's Liberation Army. Cotton asked Intel if Tan had divested from the companies to eliminate any potential conflict of interest. Trump said on the Truth Social platform Thursday that, 'The CEO of Intel is highly CONFLICTED and must resign, immediately. There is no other solution to this problem. Thank you for your attention to this problem!' Tan was named Intel CEO in March and it is unclear if he has divested his interests in the chip companies. 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!' Shares of Intel rose gained more than 3% in premarket trading. 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.


National Post
8 hours ago
- National Post
Kelly McParland: The 21st century scores an F in history
Article content Like Japan, Russia suffered horrendously from the Second World War: 25 million dead, a fact of which Putin is unquestionably aware but shows no inclination to respect. Maybe 'learning' from history has a different connotation in Moscow, a synonym, perhaps, for 'dismiss,' or 'ignore.' In any case, Putin has single-mindedly prosecuted a conflict responsible for an estimated 1.5 million casualties, a million of them Russian, and appears determined to press on regardless, scouring remote villages and emptying prisons in search of new bodies to feed into the grinder. Article content Israel's government, too, shows a willingness to blind itself to the recent past. Repeated invasions of Lebanon over the decades have done little to eradicate the threat of Hezbollah terrorism, while a 38-year occupation of Gaza failed to prevent Hamas from gaining control within a year of Israel's 2005 departure. Yet the government of Prime Minister Benjamin Netanyahu now proposes a renewed takeover of a region reduced to rubble, despite doubts it will produce the return of hostages still held by Hamas, or the long-term security Israel seeks. Article content Netanyahu has little to show for the 22 months since Hamas triggered the conflict. Antisemitism has surged in much of the world. Attacks on Jews, on synagogues, on Jewish institutions have proliferated. Sympathy for Palestinians and the Palestinian cause has risen in tandem, a de facto victory for Hamas despite the horrific level of death and destruction it's brought to Gazans. Far from affirming Israel's unquestionable right to defend itself from attack, it's driven away sympathizers, long-time friends and reliable allies, and opened Israelis to accusations of brutality. Article content Which, then, is the proper lesson to take from the horrendous sufferings of war? Japan committed itself to disarmament and nonaggression and now finds itself feeling weakened and vulnerable as a result. Moscow blithely continues piling up Russian corpses as if yesterday's dead never happened, or didn't matter. Israel, determined to 'never again' expose itself to the hatred of bigots and terrorists, finds itself increasingly isolated, divided and at odds with once-reliable friends and allies. Article content