The CEO of Intel has succeeded in courting President Trump

It seems that President Trump no longer thinks Intel CEO should resign. Trump has revealed On Truth Social that he met Lip-Bu Tan, Howard Lunick, the Secretary of Commerce, and Howard Lutnick, Secretary of the Treasury. He did not discuss the details of their meeting, but he described it as “very interesting”. Trump added: “His success and ascent are an incredible story.” If you remember, Trump alleged that Tan was “very conflicting” because of his investments in hundreds of Chinese companies and should resign. Reuters had previously pointed out that some of these companies had links with the Chinese army. “Mr. Tan and the members of my office will spend time together and bring me suggestions for next week,” said Trump in his post.

According to a report by Financial timeTanning wrote a letter To Intel employees on the issue, saying that there had been a lot of disinformation on the roles he had occupied. “I wanted to be absolutely clear … I have always worked in the highest legal and ethical standards,” he wrote in the letter. He also said that Intel communicated with the White House “to approach the questions raised and make sure they have the facts.”

Trump’s call to Tan to resign would have been due to a letter from Tom Cotton, the republican chief of the Senate intelligence committee, to the CEO of Intel. Cotton apparently expressed his concerns on the “security and integrity of Intel operations” due to TAN links with China. Tan was appointed CEO of Intel in March, taking over a company that lost money due to the foundry industry unable to secure large customers and Behind his rivals Like Taiwan Semiconductor. Since taking control, Tan has applied several costs to reduce costs, in particular cutting In order to reduce your workforce by 22% by the end of the year. He also recently told investors that Intel could abandon the development of its new generation manufacturing technology if it does not guarantee a large customer.