Intel shares climb 5.6% after CEO meets Trump

ISTANBUL

Intel's stock price saw a 5.62% jump at Tuesday's close as the CEO met US President Donald Trump, who praised Lip-Bu Tan’s “success and rise” as “an amazing story.”

Shares of the US chip company climbed to $21.81, after falling more than 3.1% last week.

The meeting Monday was “a very interesting one,” attended by US Secretary of Commerce Howard Lutnick and Treasury Secretary Scott Bessent, Trump wrote on Truth Social.

He said Tan and his Cabinet members are going to spend some time together, “and bring suggestions,” without specifying.

Trump demanded last Thursday that Tan resign "immediately" for alleged ties to Chinese companies with military connections.

"The CEO of INTEL is highly CONFLICTED and must resign, immediately," Trump wrote on Truth Social. "There is no other solution to this problem.”