Subj : Intel CEO set to meet Pre
To : All
From : Mike Powell
Date : Mon Aug 11 2025 09:36 am
Intel CEO set to meet President Trump following tirade of attacks and
'immediate resignation' demands
Date:
Mon, 11 Aug 2025 13:32:00 +0000
Description:
Trump has accused Intel CEO Tan of having major 'conflicts of interest,' but
fails to see the hypocrisy.
FULL STORY
Intel CEO Lip-Bu Tan is set to meet with President Trump to discuss the
former's professional and personal history, and explore ways in which the US
government and Intel can work together, sources have told the Wall Street
Journal .
Tan has recently faced a series of attacks from President Trump, who has
demanded his resignation over alleged investments and dealing with Chinese
businesses.
Trump has accused Tan of being highly conflicted and demanded his immediate
resignation, stating that there is no other solution to this problem.
Rocky history
Intel has been steadily trimming its global workforce in recent months ,
leading to a 20% reduction in headcount that has seen thousands of employees
lose their jobs in US factories.
Tan has also recently butted heads with Intel board members over the
direction of Intels investments in the US.
For example, the new CEO has reduced the pace of construction of a new
factory in Ohio in order to meet perceived customer demands, causing issues
with Republican Ohio senator Bernie Moreno.
Both the job cuts and slowed construction directly contradict President
Trumps desire to increase domestic investment from companies that have
typically manufactured goods outside of the US.
Whats more, Tans previous position as CEO of Cadence Design Systems appears
to have ruffled a few feathers in the Trump administration due to the company
recently handing over $140 million in penalties after pleading guilty to
unlawfully exporting chip design tools to restricted Chinese military
organizations.
Tan himself also holds numerous investments in Chinese businesses, including
buying $200 million worth of stakes in Chinese manufacturing and chip
companies between 2012 and 2024 according to a Reuters report .
However, Tan has not only been on the board of numerous enterprises involved
in chip manufacturing, but founded a venture capital firm named Walden
International that focused heavily on tech startups in the Asian market.
Tans holdings in Chinese companies could therefore simply be a smart
investment based on decades of experience, rather than the shady
under-the-table dealings Trump has alleged in his Red Scare tirades on Truth
Social.
Trump appears to be deaf to his own accusations of Tans conflicts of
interest, with the President frequently using his position to market his own
goods from the Trump Store, as well as launching the $TRUMP cryptocurrency of
which the President controls 80% of the coin's supply.
In a recent letter to employees, Tan said the US had been his home for more
than 40 years , and the company was communicating with the White House to
make sure the President has the facts.
Trump has recently levied significant tariffs on countries that he perceives
to have an unfair trade balance, causing the price of some goods to increase
as the cost of imports are passed on to the consumer - a fact that many
within the Trump administration and his MAGA base are struggling to come to
terms with.
Trumps pursuit of an America First policy has drawn significant investment
from many major companies, including Nvidia, Intel, and Apple, to build
factories in the US to produce goods domestically. However there is a reason
that these companies have historically manufactured their goods outside of
the US. Its cheaper.
Recent studies into the costs of a US manufactured iPhone for example have
theorized that the price tag could rise by between 25-100%.
In an added contradiction, Trumps own branded handsets from Trump Mobile
likely wont be manufactured in the US, with Eric Trump claiming that
eventually, all the phones can be built in the United States of America.
======================================================================
Link to news story:
https://www.techradar.com/pro/intel-ceo-set-to-meet-president-trump-following-
tirade-of-attacks-and-immediate-resignation-demands
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