Trump flip-flops on Intel CEO, calls him 'success' days after demanding resignation

In a surprising turn of events, President Donald Trump announced on Monday that he had a meeting with Intel CEO Lip-Bu Tan, just days after he publicly urged for Tan's resignation. This unexpected praise from the President had a positive impact on Intel's stock, which saw a 2% increase in after-hours trading. Trump took to Truth Social to share details of the meeting, stating, "I met with Mr. Lip-Bu Tan, of Intel, along with Secretary of Commerce, Howard Lutnick, and Secretary of the Treasury, Scott Bessent. The meeting was a very interesting one. His success and rise is an amazing story." He further indicated that Tan and the cabinet members would continue to collaborate and provide suggestions in the coming week. Intel has not yet issued a statement regarding this latest development. Lip-Bu Tan, who has been a director at Intel since 2022, took over the CEO position from Pat Gelsinger in March. The recent scrutiny of Tan’s leadership came from Senator Tom Cotton, who raised concerns about Tan's connections to China and referenced a past criminal case involving Cadence Design, where Tan held the CEO role. This evolving story continues to develop, and updates are anticipated.