Intel shares jump as CEO heads to White House
ReutersAug 11, 2025 4:17 PM
** Intel Corp INTC.O shares rallying ~6% on Mon, with CEO Lip-Bu Tan set to visit White House following President Donald Trump's call for his removal last week
** Tan expected to discuss his background and address national security concerns, Wall Street Journal reported
** Trump cited Tan's ties to Chinese firms as reason for resignation demand, sparking investor debate over co's leadership
** INTC up about 6% YTD, lagging Nasdaq .IXIC which is up 12%
** INTC recently at 42x expected earnings, well above 5-yr avg forward PE of 20, per LSEG data
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