Intel Shares Gain After Trump Praises CEO Lip-Bu Tan Following White House Meeting

Intel shares rose in Monday’s after-hours session after Trump softened his stance on CEO Lip-Bu Tan following a White House meeting, according to Benzinga. Last week, Trump urged Tan to resign over alleged China ties raised by Sen. Tom Cotton, calling him “highly conflicted.” The president later described Monday’s discussion as “very interesting” and praised Tan’s success, saying Cabinet members will work with him and present suggestions next week. Tan became Intel’s CEO earlier this year after joining the board in 2022, replacing Pat Gelsinger, who was ousted by the board. Intel reiterated its commitment to working with Trump to advance U.S. national and economic security. Intel shares gained 2.76% in extended trading on Monday, according to Benzinga Pro.