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Intel shares move higher after Trump says he met with CEO

ReutersAug 11, 2025 9:23 PM

** Intel Corp's INTC.O shares up ~2 at $21.10 in extended trading after U.S. President Donald Trump says he met with CEO Lip-Bu Tan

** Trump says he met Tan along with Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent

** Meeting was "interesting," Trump writes on Truth Social; says cabinet members and Tan to bring suggestions to him during the next week

** Tan visited White House on Monday following Trump's call for his removal last week
** Tan was expected to discuss his background and address national security concerns, the 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 3% 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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