President Trump met Monday with Lip-Bu Tan, the CEO of Intel, who Trump simply days earlier had referred to as on to resign over claims he was “conflicted.”
Trump stated he met with Tan, Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent. The president supplied few particulars about their conversations, however he indicated he would have extra to say sooner or later.
“The meeting was a very interesting one. His success and rise is an amazing story,” Trump posted on Fact Social. “Mr. Tan and my Cabinet members are going to spend time together, and bring suggestions to me during the next week.”
Intel in an announcement referred to as the assembly “a candid and constructive dialogue on Intel’s dedication to strengthening U.S. know-how and manufacturing management.
“We appreciate the President’s strong leadership to advance these critical priorities and look forward to working closely with him and his Administration as we restore this great American company,” the corporate stated.
Trump final week stated Tan was “highly CONFLICTED and must resign, immediately.” He supplied no different particulars, although Sen. Tom Cotton (R-Ark.) had not too long ago written to Intel elevating considerations about Tan’s ties to China.
Cotton additionally voiced considerations about Tan’s earlier position as CEO of Cadence Design Techniques, which pleaded responsible and paid $140 million final month for violating export controls by promoting chip design know-how to a Chinese language army college.
Tan responded the next day, saying he had “always operated within the highest legal and ethical standards.”
Intel is a key firm in the US’s chip manufacturing trade. Tan stated in his assertion the corporate can be “ramping toward” making superior semiconductors later this 12 months.
Up to date at 6:28 p.m. EDT
