Intel CEO Lip-Bu Tan to Meet with President Trump at the White House Amid China Ties Controversy
ByAinvest
Monday, Aug 11, 2025 4:03 am ET1min read
CDNS--
Tan is expected to discuss his personal and professional background with Trump and propose ways Intel and the U.S. government can collaborate. He aims to reassure the administration of his commitment to the U.S. and the importance of Intel's manufacturing capabilities for national security [1].
Tan's leadership has faced criticism over his past business ties to China, including his role at Cadence Design Systems, where his venture-capital firm invested in Chinese companies. Trump publicly called for Tan's resignation, stating that there was no other solution to the problem [2].
Intel, a recipient of nearly $20 billion in federal grants under the CHIPS and Science Act, plays a pivotal role in America's plan to rebuild domestic chipmaking capabilities. The company reported $12.86 billion in revenue for the second quarter of 2025, surpassing analyst estimates [3].
Despite the challenges, Intel is undergoing a major restructuring plan to cut costs, slash 22% of its workforce, and pause some manufacturing projects. The company is aiming to regain its edge in the global chip race [3].
References:
[1] https://www.reuters.com/world/us/intel-ceo-visit-white-house-monday-wsj-reports-2025-08-10/
[2] https://www.inkl.com/news/trump-wanted-intel-ceo-out-now-lip-bu-tan-is-heading-to-the-white-house-on-monday-report
[3] https://www.storyboard18.com/brand-makers/trump-calls-for-intel-ceos-ouster-amid-national-security-concerns-over-china-ties-78479.htm
INTC--
Intel CEO Lip-Bu Tan will meet with President Donald Trump at the White House on Monday to explain his background and reassure the administration of his commitment to the US. Tan's leadership has faced criticism over his ties to Chinese businesses, with Trump calling for his resignation. Tan plans to stress the importance of Intel's manufacturing capabilities to US national security. Despite challenges, Intel reported a revenue of $12.86 billion for Q2 2025, surpassing analyst estimates.
Intel CEO Lip-Bu Tan is set to visit the White House on Monday to meet with President Donald Trump, following recent controversies surrounding his ties to Chinese businesses [1]. The meeting comes after Trump called for Tan's resignation last week, citing "highly conflicted" ties to Chinese firms [2].Tan is expected to discuss his personal and professional background with Trump and propose ways Intel and the U.S. government can collaborate. He aims to reassure the administration of his commitment to the U.S. and the importance of Intel's manufacturing capabilities for national security [1].
Tan's leadership has faced criticism over his past business ties to China, including his role at Cadence Design Systems, where his venture-capital firm invested in Chinese companies. Trump publicly called for Tan's resignation, stating that there was no other solution to the problem [2].
Intel, a recipient of nearly $20 billion in federal grants under the CHIPS and Science Act, plays a pivotal role in America's plan to rebuild domestic chipmaking capabilities. The company reported $12.86 billion in revenue for the second quarter of 2025, surpassing analyst estimates [3].
Despite the challenges, Intel is undergoing a major restructuring plan to cut costs, slash 22% of its workforce, and pause some manufacturing projects. The company is aiming to regain its edge in the global chip race [3].
References:
[1] https://www.reuters.com/world/us/intel-ceo-visit-white-house-monday-wsj-reports-2025-08-10/
[2] https://www.inkl.com/news/trump-wanted-intel-ceo-out-now-lip-bu-tan-is-heading-to-the-white-house-on-monday-report
[3] https://www.storyboard18.com/brand-makers/trump-calls-for-intel-ceos-ouster-amid-national-security-concerns-over-china-ties-78479.htm
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