Trump’s comments indicate a change of heart since last Thursday, when he called for Lip-Bu Tan to “resign immediately ” because he is “highly conflicted” via a post on Truth Social. Such conflicts of interest were outlined in a letter by Arkansas Senator Tom Cotton the day before, who alleged Tan “has deep ties to the Chinese Communists.”

The chip maker could ask for more monetary support and for the White House to encourage customers to use its advanced chips, Bernstein analysts said.

Key Takeaways Intel shares surged again Tuesday following a meeting between CEO Lip-Bu Tan and President Donald Trump on Monday. After breaking down from an ascending channel late last month, the stock retraced to a multi-month trading floor before finding buying interest around this crucial location.