Intel climbs after CEO meets Trump
ReutersAug 12, 2025 9:56 AM
** Shares of chipmaker Intel INTC.O rise 3.3% to $21.3 premarket
** U.S. President Donald Trump said he met Intel CEO Lip-Bu Tan on Monday, praising Tan and calling the meeting "very interesting"
** Last week, Trump had demanded Tan's immediate resignation, calling him "highly conflicted" over his ties to Chinese firms
** Investors noted Trump's demand for Tan to resign would only distract the CEO from turning around the ailing chipmaker
** INTC shares surged as much as 8.3% on Monday, but closed 3.5% higher
** As of last close, INTC up 2.9% YTD, lagging the 13.9% rise in the Philadelphia SE Semiconductor Index .SOX
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