The Intel logo is displayed connected a motion successful beforehand of Intel office successful Santa Clara, California, connected July 16, 2025.
Justin Sullivan | Getty Images
Intel banal climbed 7% Friday aft CEO Lip-Bu Tan met with President Donald Trump, continuing a rally that has seen the banal much than treble since the U.S. took a involvement successful the chipmaker successful August.
"The United States Government is arrogant to beryllium a Shareholder of Intel," Trump said successful a Truth Social post Thursday pursuing the meeting.
Trump lauded Tan arsenic "very successful" and touted the motorboat of Intel's caller spot that was "designed, built, and packaged close present successful the U.S.A."
Tan responded successful an X post that helium was honored and "delighted to person the afloat enactment and encouragement" of Trump and U.S. Secretary of Commerce Howard Lutnick.
The CEO besides noted that Intel's latest Core Ultra Series 3 CPU processors, its archetypal large merchandise built connected Intel 18A, is present shipping out.
In August, the White House negotiated an $8.9 cardinal concern successful Intel, buying 433.3 cardinal shares astatine $20.47 per share.
That involvement is present worthy astir $19 billion. The banal is up astir 20% since the commencement of the year.
The amicable confederation betwixt Trump and Tan has taken a afloat crook since the two's rocky narration anterior to the administration's investment.
A fewer weeks earlier the involvement announcement, Trump said successful a Truth Social post that Tan "is highly CONFLICTED and indispensable resign, immediately."
The demand came aft Sen. Tom Cotton, R-Ark., expressed interest implicit the CEO's transportation to aggregate Chinese companies and the imaginable nationalist information risk.
"Intel is required to beryllium a liable steward of American payer dollars and to comply with applicable information regulations," Cotton wrote successful a press release. "Mr. Tan's associations rise questions astir Intel's quality to fulfill these obligations."
Intel responded in a statement that the company, its committee of directors and Tan are "deeply committed to advancing U.S. nationalist and economical information interests."
Tan besides wrote in a memo to employees that the institution was moving with the medication to code the concern.
"I privation to beryllium perfectly clear: Over 40+ years successful the industry, I've built relationships astir the satellite and crossed our divers ecosystem – and I person ever operated wrong the highest ineligible and ethical standards," helium said.
Tan was appointed CEO successful March 2025 amidst declining income and institution instability nether Pat Gelsinger's leadership.
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