{"id":12298,"date":"2025-08-11T11:54:08","date_gmt":"2025-08-11T03:54:08","guid":{"rendered":"https:\/\/tingchao.xyz\/?p=12298"},"modified":"2025-08-11T11:54:12","modified_gmt":"2025-08-11T03:54:12","slug":"intel-ceo-singled-out-by-trump-to-visit-white-house-on-monday","status":"publish","type":"post","link":"https:\/\/tingchao.xyz\/?p=12298","title":{"rendered":"Intel CEO Singled Out By Trump to Visit White House on Monday"},"content":{"rendered":"\n
\"\"
Lip-Bu Tan is expected to explain his background to President Trump.\u00a9\u00a0Annabelle Chih\/Bloomberg News<\/figcaption><\/figure>\n\n\n\n

Intel CEO Lip-Bu Tan is set to visit the White House Monday after President Trump called for his removal last week over ties to Chinese businesses, according to people familiar with the matter.<\/p>\n\n\n\n

Tan is expected to have a wide-ranging conversation with Trump, with the intent of explaining his personal and professional background, the people said. He could also propose ways that the government and Intel could work together, they said.<\/p>\n\n\n\n

Tan hopes to win Trump\u2019s approval by showing his commitment to the country and pledging the importance of keeping Intel\u2019s manufacturing capabilities as a national security issue, one of the people said.<\/p>\n\n\n\n

Trump has aggressively pushed U.S. companies to make changes<\/a> ranging from eating the cost of tariffs to doing business with more conservatives<\/a> and other political allies. Trump\u2019s singling out of Tan came the day after he exempted tech companies<\/a> such as Apple from new tariffs on semiconductors\u2014on the condition they increase their investments in the U.S.<\/p>\n\n\n\n

\u201cThe CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem,\u201d Trump wrote in a post<\/a> on Truth Social on Thursday. The post came a day after Sen. Tom Cotton (R., Ark.) published a letter he sent to Intel board chairman Frank Yeary expressing his concerns about Tan\u2019s China ties.<\/p>\n\n\n\n

Tan is Malaysian born and later became an American citizen. Scrutiny of his business dealings<\/a> appears to be tied to a recent development involving Cadence Design Systems, the company he led until 2021 as well as his venture-capital firm\u2019s investments in Chinese companies.<\/p>\n\n\n\n

Cadence last week agreed to plead guilty<\/a> and pay more than $140 million to resolve Justice Department charges for selling its chip-design products to a Chinese military university.<\/p>\n\n\n\n

Tan took over as CEO<\/a> of Intel in March following the exit of Pat Gelsinger last year. Investors cheered Tan\u2019s arrival after Gelsinger had been unable to revive Intel\u2019s falling stock price, given Tan\u2019s experience having turned around Cadence Design and his relationships across the tech industry.<\/p>\n\n\n\n

But the first few months of his tenure have been marked by a clash with some members of the board, including Yeary, over the company\u2019s strategy, The Wall Street Journal reported Thursday<\/a>.<\/p>\n\n\n\n

Intel had already made plans to make significant U.S. investments under former President Joe Biden. It pledged to spend $100 billion over five years to bolster U.S. chipmaking capacity as it became the biggest recipient of funding<\/a> from Biden\u2019s Chips Act.<\/p>\n\n\n\n

Tan has been focused on reviving Intel\u2019s manufacturing operations. He has been aiming to find external customers for the foundry business that will help justify the massive expenses associated with such investments.<\/p>\n\n\n\n

As it stands, most of Intel\u2019s foundry revenue comes from manufacturing its own chips. Late last month, Intel said it would further slow the construction of its large-scale semiconductor manufacturing plants in Ohio to better align with customer demand. The lack of progress there has frustrated politicians, including Sen. Bernie Moreno (R., Ohio).<\/p>\n\n\n\n

Tan said in a message to Intel employees<\/a> Thursday evening that the U.S. has been his home for more than 40 years and that Intel has engaged with the administration to ensure \u201cthey have the facts.\u201d<\/p>\n\n\n\n

\u201cOver 40+ years in the industry, I\u2019ve built relationships around the world and across our diverse ecosystem\u2014and I have always operated within the highest legal and ethical standards,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Intel CEO Lip-Bu Tan is set to visit the White House Monday after President Trump called for his removal last week over ties to Chinese businesses, according to people familiar with the matter. Tan is expected to have a wide-ranging conversation with Trump, with the intent of explaining his personal and professional background, the people […]<\/p>\n","protected":false},"author":11,"featured_media":12299,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12],"tags":[3558,3557,1724],"class_list":["post-12298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-usa","tag-intel","tag-tan","tag-trump"],"yoast_head":"\nIntel CEO Singled Out By Trump to Visit White House on Monday - LISTEN WORLD<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tingchao.xyz\/?p=12298\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Intel CEO Singled Out By Trump to Visit White House on Monday - LISTEN WORLD\" \/>\n<meta property=\"og:description\" content=\"Intel CEO Lip-Bu Tan is set to visit the White House Monday after President Trump called for his removal last week over ties to Chinese businesses, according to people familiar with the matter. 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