Trump Reverses Demand, Praises Intel CEO After China Ties Scrutiny

President Donald Trump initially called for the resignation of Intel CEO Lip-Bu Tan, accusing him of conflicts of interest due to his investments and ties to Chinese semiconductor firms linked to the Chinese military. This demand followed a letter from Senator Tom Cotton raising concerns about Tan's connections. Tan responded by refuting the allegations, stating he had always operated within legal and ethical standards, and engaged with the White House to address the concerns. After a meeting with Tan and key cabinet members, including the Commerce and Treasury Secretaries, Trump praised Tan's career as an "amazing story" and announced ongoing collaboration between Tan and his cabinet to strengthen U.S. technology and manufacturing leadership. Intel's shares rose following the positive shift in Trump's stance, with the company expressing appreciation for the administration's leadership and a commitment to work closely with the government. This reversal highlights the broader U.S.-China economic and technological rivalry, particularly in semiconductors and AI.