Intel, SoftBank
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Following a recent meeting at the White House, President Donald Trump seems to have completely changed his stance on Intel CEO Lip-Bu Tan.
President Donald Trump on Aug. 7 called for Intel CEO Lip Bu Tan to resign, accusing him of being “highly conflicted” over reported investments in Chinese semiconductor firms. The remarks, expressed via a post on his Truth Social network,
Now that Lip-Bu Tan has regained President Donald Trump's support, should investors turn bullish on Intel stock?
A week after calling Intel’s CEO “conflicted,” Trump met with him. Now the U.S. is reportedly exploring a stake in the chipmaker.
Should Intel CEO Lip-Bu Tan resign over his alleged ties to Chinese companies? Who would replace him? Seeking Alpha analysts weigh in. Read more here.
The 65-year-old technology and venture capital industry veteran has amassed a fortune worth at least $1.1 billion, according to the Bloomberg Billionaires Index, which is calculating Lip-Bu Tan’s net worth for the first time.
Despite the rocky relationship between President Donald Trump and CEO Lip-Bu Tan, the government is reportedly eyeing a stake in Intel.