Technology8/12/2025Engadget

Intel's CEO has successfully wooed President Trump

Intel's CEO has successfully wooed President Trump

Here is a 191-word summary of the news article: Intel CEO Lip-Bu Tan has successfully convinced President Trump that he should not resign, despite Trump's previous allegations that Tan was "highly conflicted" due to his investments in hundreds of Chinese firms. In a meeting with Tan, the Secretary of Commerce, and the Secretary of the Treasury, Trump described the discussion as "a very interesting one" and praised Tan's "success and rise." Tan had previously written to Intel employees, denying any wrongdoing and stating that he had "always operated within the highest legal and ethical standards." He also said that Intel was communicating with the White House to address the concerns that had been raised. The initial call for Tan's resignation came from Republican Senator Tom Cotton, who expressed concerns about the "security and integrity of Intel's operations" due to Tan's ties with China. Since taking over as CEO in March, Tan has implemented cost-cutting measures, including job cuts, and has even hinted that Intel may abandon the development of its next-generation manufacturing technology if it fails to secure a large client.

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