Intel Stock Surges Amid CEO’s High-Stakes Meeting with Trump

Intel shares rallied as much as 8.3% on Monday after reports emerged that CEO Lip-Bu Tan will meet with former President Donald Trump. The gains pared to 3.9% by afternoon trading, significantly outperforming the broader market.

The meeting carries unusual political weight. Last week, TRUMP publicly called for Tan's resignation, citing the executive's ties to China through his venture capital firm's investments in SMIC - a sanctioned Chinese semiconductor manufacturer. Tan's Walden International also counts U.S. pension funds and university endowments among its investors.

Market participants view the WHITE House engagement as a potential off-ramp from escalating tensions. Intel's fabrication capacity remains strategically vital to U.S. semiconductor independence, making leadership stability crucial during the global chip shortage.