- President Trump apparently has a positive meeting with the CEO of Intel Lip Bu-Van
- The president had already called for the resignation of Tan
- A former Intel leader suggested customers to invest in cash in the company
The CEO of Intel besieged Lip Bu-Tan visited the White House for a meeting with President Trump whom the latter described as “very interesting”.
This occurs just a few days after the president asked Tan to resign from his CEO position in Intel, the caller “very conflict” – going so far as to say that there is “no other solution to this problem”.
However, after the meeting, Trump welcomed Tan for his success and his “incredible” ascent, using his social media site Truth Social to confirm that the members of the cabinet now meet Tan to continue the discussions.
Strong leadership
The details of the meeting were not published, but Intel published a statement by thanking the president for a “frank and constructive discussion on Intel’s commitment to strengthen American technology and the manufacture of leadership”.
“We appreciate the solid leadership of the president to advance these critical priorities and we are impatient to work closely with him and his administration when we remain this great American company,” confirmed the declaration.
The meeting followed a letter written to the Board of Directors of Intel from the Republican Senator Tom Cotton, in which he raises concerns concerning the alleged ties of Tan with China thanks to his role of CEO of Cadance Design Systems, a company which recently pleads to sell illegally selling the technology controlled by export to organizations with the Chinese army.
The recent turbulence between Intel and the American government most likely arise from the president’s ambitions to build a national manufacturing industry to compete with Chinese technological imports, perhaps Intel the only American company positioned to play a leading role in the production of semiconductors.
Intel, however, seems to move away from American manufacturing, the organization carrying out significant reductions on its workforce – ending between 15 and 20% of its factory workers among the 25,000 intel posts affected by redundancies.
The former CEO of Intel, Craig Barett, called for an injection of around 40 billion dollars to appease financial difficulties and ensure a source of semiconductors in the United States, in particular given the geopolitical tensions and the very low probability that TSMC or Samsung provides manufacturing in the United States.
