Intel shares move higher after Trump says he met with CEO
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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