Intel CEO Meets Trump as Shares Rise Amid Leadership Standoff

Intel CEO Lip-Bu Tan is scheduled to meet with President Trump following the president's public call for Tan's resignation due to alleged ties to Chinese businesses. Tan plans to clarify his personal and professional background and potentially discuss collaboration opportunities between Intel and the government. The meeting is closely watched by investors and analysts as it could influence Intel's turnaround strategy, U.S. semiconductor manufacturing commitments, and government partnerships. Intel's stock surged over 4% ahead of the meeting, recovering much of the previous week's losses triggered by political concerns. Trump’s criticism included support from some former Intel directors and a letter from Senator Tom Cotton questioning Tan’s connections to Chinese enterprises. Tan has stated that misinformation has circulated about him and looks forward to addressing these issues with the administration.