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Title: Intel's CEO has successfully wooed President Trump

Date: Tue, 12 Aug 2025 03:53:39 +0000
Link: https://www.engadget.com/big-tech/intels-ceo-...

It sounds like President Trump no longer thinks Intel's CEO should resign.
Trump has revealed on Truth Social that he met with Lip-Bu Tan, Howard
Lutnick, the Secretary of Commerce, and Howard Lutnick, the Secretary of the
Treasury. He didn't discuss the details of their meeting, but he described it
as "a very interesting one." Trump added: "His success and rise is an amazing
story." If you'll recall, Trump alleged that Tan was "highly conflicted" due
to his investments in hundreds of Chinese firms and should resign. Reuters
had previously reported that some of those companies had links to the Chinese
military. "Mr. Tan and my Cabinet members are going to spend time together,
and bring suggestions to me during the next week," Trump said in his post.

According to a report by the Financial Times, Tan wrote a letter to Intel
employees about the issue, telling that there had been a lot of
misinformation about the roles he'd held. "I wanted to be absolutely clear...
I have always operated within the highest legal and ethical standards," he
reportedly wrote in the letter. He also said that Intel was communicating
with the White House "to address the matters that have been raised and ensure
they have the facts."

Trump's call for Tan to resign reportedly came about due a letter from Tom
Cotton, the Republican head of the Senate Intelligence Committee, to the
Intel CEO. Cotton apparently expressed concerns aout the "security and
integrity of Intel's operations" due to Tan's ties with China. Tan was named
the CEO of Intel in March, taking over a company that was losing money due to
its foundry business being unable to secure big customers and lagging behind
rivals like Taiwan Semiconductor. Since taking over, Tan has enforced several
cost-cutting measures, including cutting jobs with the goal of reducing its
workforce by 22 percent by the end of the year. He also recently told
investors that Intel could abandon the development of its next-gen
manufacturing technology if it fails to secure a large client.

This article originally appeared on Engadget at https://www.engadget.com/big-
tech/intels-ceo-has-successfully-wooed-president-trump-035339132.html?src=rss

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