President Donald Trump stated members of his Cupboard would proceed discussions with Lip-Bu Tan within the coming days after assembly with the Intel Corp. chief govt officer on the White Home on Monday.
“The assembly was a really attention-grabbing one,” Trump stated in a social media publish. “His success and rise is an incredible story. Mr. Tan and my Cupboard members are going to spend time collectively, and produce recommendations to me throughout the subsequent week.” Intel didn’t instantly reply to a request for touch upon Tan’s assembly with Trump.
The nice and cozy remarks had been a stark reversal from simply 4 days earlier, when Trump known as for Tan’s resignation and accused him of getting conflicts of curiosity.
Trump final week wrote in a publish on Fact Social that Tan ought to step down as chief of the American chipmaker, describing him as “extremely CONFLICTED.”
The publish got here after Republican Senator Tom Cotton requested the chairman of Intel’s board to reply questions on Tan’s ties to China, together with investments within the nation’s semiconductor corporations and others with connections to its navy.
Tan has stated he has the full backing of the corporate’s board and had reached out to the White Home to clear up what he known as “misinformation” about his observe report.
The chipmaker’s shares jumped greater than 2% in prolonged buying and selling following Trump’s publish on Monday. The inventory declined 3.1% on Aug. 7, the day of the president’s preliminary remarks.
