Trump Shifts Stance on Intel CEO After Private Meeting

Former President Donald TRUMP hosted Intel CEO Pat Gelsinger for discussions days after publicly demanding his resignation. The meeting, attended by Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent, sparked a 2% after-hours rally in Intel shares. Trump praised the "very interesting" dialogue, highlighting Tan's career trajectory as "an amazing story." The CEO is expected to continue advising Trump's cabinet on technology and manufacturing policy.

This abrupt reversal follows Trump's recent accusations that Tan was "highly conflicted" due to alleged ties to Chinese chipmakers. Intel maintains its leadership team remains committed to U.S. security interests. The semiconductor giant confirmed the meeting addressed strengthening American technological sovereignty, a key battleground in escalating U.S.-China tensions.