- President Trump apparently has a positive meeting with Intel Lip Bu-Tan CEO
- The president had previously requested the resignation of such
- A former Intel leader has suggested customers who invest effective in the company.
Intel’s CEO, Lip Bu-Tan, made a visit to the White House for a meeting with President Trump that the latter has described as “very interesting.”
This occurs a few days after the president demanded that he renounce his CEO post in Intel, calling him “very conflictive”, telling that there is no “other solution to this problem.”
However, after the meeting, Trump praised so for his success and his “surprising” rise to the top, using his social network social media site to confirm that the cabinet members will now also meet with so to continue the discussions.
Strong leadership
The details of the meeting have not been published, but Intel issued a statement thanking the president for a “sincere and constructive discussion about Intel’s commitment to strengthen US technology and manufacturing leadership.”
“We appreciate the strong leadership of the president to advance in these critical priorities and hope to work closely with him and his administration while we restored this great American company,” confirmed the statement.
The meeting followed a letter written to the Board of Directors of Intel of the Republican Senator Tom Cotton, in which he raises concerns about the alleged links of such with China through his role as CEO of Cadance Design Systems, a company that recently declared himself guilty of selling illegally selling technology controlled by exports to organizations with connections to the Chinese military.
The recent turbulence between Intel and the United States government is probably derived from the president’s ambitions to build a national manufacturing industry to rival Chinese technological imports, with Intel perhaps the only American company positioned to assume a main role in the production of semiconductors.
However, Intel seems to be moving away from American manufacturing, with the organization making significant reductions to its workforce, which end between 15-20% of its factory workers among the 25,000 Intel positions affected by layoffs.
The former INTEL CEO, Craig Barett, requested a cash injection of around $ 40 billion to calm financial difficulties and guarantee a source of semiconductors within the United States, especially given geopolitical tensions and the very low probability that TSMC or Samsung bring manufacturing to states.
