Summary
President Donald Trump is set to meet with Intel CEO Lip-Bu Tan after calling for his resignation due to concerns about his connections with Chinese firms. The meeting at the White House is expected to cover Tan's commitment to US national security and ways Intel can collaborate with the government.
Key Facts
- Intel CEO Lip-Bu Tan plans to meet with President Trump at the White House.
- Trump called for Tan's resignation, citing his ties to Chinese companies.
- The Wall Street Journal reported that Tan plans to discuss Intel's contributions to US national security.
- Reuters previously reported Tan invested $200 million in Chinese tech firms.
- Tan was the CEO of Cadence Design, which faced charges related to selling products linked to the Chinese military.
- Cadence Design agreed to pay over $140 million to resolve these charges.
- Intel's stock rose by more than 7.5% ahead of the meeting.
