Trump Praises Intel CEO After Resignation Demand Amid China Concerns

President Donald Trump has reversed his earlier stance calling for the resignation of Intel CEO Lip-Bu Tan, instead praising Tan's rise and success after a recent meeting with him and key Cabinet members. This shift follows concerns raised by Senator Tom Cotton about Tan's past business ties to China, including connections to companies linked to the Chinese military and a criminal case involving Cadence Design Systems, where Tan was formerly CEO. Intel affirmed its commitment to U.S. technology leadership and national security, with Tan expressing full cooperation with the administration to address concerns and pledging alignment with national security priorities. Following the meeting and Trump's positive remarks, Intel's stock experienced a notable increase in after-hours trading. Tan is set to collaborate with Trump's Cabinet to provide suggestions aimed at strengthening the U.S. semiconductor industry. This development reflects ongoing scrutiny of foreign ties in critical tech sectors amid broader U.S. efforts to restore domestic manufacturing capabilities.