Intel

Intel to Collaborate with U.S. Government in Manufacturing Resurrection

Last time, we reported that U.S. President Donald Trump called for the resignation of Intel's CEO, Lip-Bu Tan. However, tides are shifting at the White House as President Trump and Lip-Bu Tan meet to discuss the strategic importance of Intel for U.S. semiconductor independence, as well as a future collaborative effort to restore leading-edge American manufacturing. "I met with Mr. Lip-Bu Tan, of Intel, along with Secretary of Commerce, Howard Lutnick, and Secretary of the Treasury, Scott Bessent. The meeting was a very interesting one. His success and rise is an amazing story. Mr. Tan and my Cabinet members are going to spend time together, and bring suggestions to me during the next week. Thank you for your attention to this matter!" said President Trump in a post on Truth Social.

Intel issued an official statement, saying that "Earlier today, Mr. Tan had the honor of meeting with President Trump for a candid and constructive discussion on Intel's commitment to strengthening U.S. technology and manufacturing leadership. We appreciate the President's strong leadership to advance these critical priorities and look forward to working closely with him and his Administration as we restore this great American company." What the company hopes is that under Mr. Tan, Intel can continue building on a fab legacy left by the previous CEO Pat Gelsinger, and that customers will start piling up for the 18A and 14A nodes.
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