Bitcoin price today: surges to $122k, near record high on US regulatory cheer
Investing.com-- Intel CEO Lip-Bu Tan is set to visit the White House on Monday after President Donald Trump called for his removal last week over ties to China, the Wall Street Journal reported on Sunday.
Tan is expected to discuss his personal and professional background with Trump, the WSJ reported, citing people familiar with the matter. He could also discuss the potential for collaboration between Intel (NASDAQ:INTC) and the government.
The meeting comes after Trump called for Tan’s removal last week, citing a conflict of interest over Tan’s ties to companies associated with the Chinese military. These concerns appear to be tied to Cadence Design Systems (NASDAQ:CDNS), which Tan led until 2021, as well as his venture capital firm’s investments in Chinese firms.
Cadence last week agreed to plead guilty and pay over $140 million to settle a U.S. lawsuit over its selling of chip design products to a Chinese military university.
Tan took over CEO at Intel in March 2025 after Pat Gelsinger left the company last year. Tan vowed to shore up Intel’s finances and embarked on a turnaround aimed at restoring the company’s former chipmaking dominance.