Trump sits down with Intel's Lip-Bu Tan, whom he told to quit
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.
'Mr Tan had the honour of meeting with President Trump for a candid and constructive discussion on Intel's commitment to strengthening US technology and manufacturing leadership,' the company said in a posted statement.
Intel added that it looks 'forward to working closely with him and his Administration as we restore this great American company.'
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. — AFP
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"We must also develop unique advantages on our channels and customer touchpoints. Our suppliers and dealers are not just partners, they're our teammates, standing shoulder to shoulder with us." "In the future," he added, "We must fully harness the power of digital technology to enable seamless collaboration across the entire ecosystem, future competition won't just be about supply chains—it will be about industrial ecosystems.""This EV offers a 200km range on a single charge, with fuel consumption as low as 7L/100km in hybrid mode. It features surround-sound audio, a built-in AI large language model, and even a 12.5L independent refrigerator that cools down to 0°C..." 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GWM's overseas operations now span the full value chain—R&D, production, supply, sales, and service—marking a true shift from product-driven globalization to full-scale "Ecological Globalization."Today, at GWM's Rayong NEV Plant in Thailand, locally produced EV – ORA03 EV is steadily rolling off production line with over 50% local facility is GWM's second full-production vehicle manufacturing base outside China—and the first overseas plant dedicated to new energy vehicles. Spanning 658,800 square meters, the plant is set to produce 80,000 units annually during the first phase. Designed to the highest global manufacturing standards, the plant incorporates advanced systems for production, quality management, environmental protection, and digital technologies. With fully upgraded intelligent equipment and technologies, the plant sets a new benchmark for intelligent, sustainable manufacturing upgrade in Southeast Zhou, Marketing General Manager of GWM Thailand, emphasized: "Every Chinese automaker's global expansion represents Chinese manufacturing excellence - we're China's calling card. Chinese NEV brands are accelerating Thailand's transition to the future of new energy mobility, bringing more NEVs to more Thai consumers."GWM's global footprint continues to grow at pace. Its international sales network now covers over 170 countries and regions, supported by more than 1,400 overseas dealerships. The company has sold more than 2 million vehicles outside China, with a global user base exceeding 15 million. In 2024 alone, GWM recorded overseas sales of 450,000 #GWM The issuer is solely responsible for the content of this announcement.
