- President Trump apparently has a positive meeting with Intel CEO LIP BU-TAN
- The president had previously called for Tan’s resignation
- A former Intel leader has suggested that customers invest cash in the company
Embattled Intel CEO LIP BU-TAN has visited the White House for a meeting with President Trump, which the latter has described as ‘very interesting’.
This comes just days after the president demanded that Tan resign his position as CEO of Intel and called him ‘very conflict’ – and went so far as to say that there is no other solution to this problem ‘.
After the meeting, however, Trump praised tan for his success and ‘amazing’ climb to the top, using his truth on social media truth to confirm cabinet members will now also meet with Tan to continue discussions.
Strong leadership
The details of the meeting have not been released, but Intel released a statement that thanked the president for an ‘honest and constructive discussion about Intel’s obligation to strengthen American technology and manufacturing management’.
“We value the president’s strong leadership to promote these critical priorities and look forward to working closely with him and his administration when we restore this great American company,” the statement confirmed.
The meeting followed a letter written to the Intel Board of Republican Senator Tom Cotton, raising concerns about Tan’s alleged ties to China through his role as CEO of Cadance Design Systems, a company that recently claims to illegally sell export-controlled tech to organizations with connections to the Chinese military.
The recent turbulence between Intel and the US government probably stems from the president’s ambitions to build a domestic manufacturing industry to compete with Chinese technical imports, with Intel perhaps the only US company located to take a leading role in semiconductor production.
Intel seems to be moving away from American production, with the organization that makes significant reductions in its workforce -and ends between 15-20% of its factory workers among the 25,000 Intel positions affected by the dismissals.
Former Intel-Manager CRAIG BARETT called for a customer-contact injection of about $ 40 billion to reassure financial difficulties and secure a semiconductor source in the United States, especially considering geo-political tensions and the very low likelihood of TSMC or Samsung that brings the production to the states.
