Intel shares rose over 3% in premarket trading on Tuesday after CEO Lip-Bu Tan met with President Trump, who had called for his resignation just a week earlier. The meeting also included Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent. Following their discussion, Trump posted on Truth Social, calling it “very interesting” and praising Tan’s personal journey. He added that Tan and his Cabinet would provide suggestions to him in the coming week.
Intel confirmed the meeting, describing it as open and productive, focused on strengthening U.S. technology and manufacturing leadership. The stock had already gained 3.5% on Monday amid reports of the meeting and climbed another 2.8% in after-hours trading after Trump’s post.
Tan’s visit followed Trump’s public demand for his resignation, prompted by criticism from Sen. Tom Cotton over Tan’s past investments in Chinese companies through his firm, Walden International. Tan defended his record, calling reports “misinformation,” and emphasized his ethical conduct.
Tan became Intel CEO in March, replacing Pat Gelsinger. His appointment was welcomed by investors, though Intel still trails rivals Nvidia and AMD, having dropped 60% in 2024 but rebounding nearly 4% in 2025.
