Intel Corporation's White House meeting could yield a defense-focused deal, leveraging the CHIPS Act and aligning Intel with national security priorities for mutual benefit. Recent controversies on CEO Li Bu Tan are just a Trump negotiating tool in my view; I see the stock as undervalued, trading at a significant discount to semiconductor peers on forward sales metrics. Intel's financials remain pressured by restructuring and heavy capex, but cost-cutting and targeted investments could drive a turnaround if executed well.
Intel Corp (NASDAQ:INTC, ETR:INL) shares added more than 5% on reports its CEO Lip-Bu Tan's scheduled visit to the White House, following a public call from President Donald Trump demanding Tan's resignation. According to a report by the Wall Street Journal citing unnamed sources, Tan is set to meet with Trump on Monday to discuss his personal and professional background and to explore potential areas for collaboration between Intel and the US government.
Major U.S. equities indexes were little changed in recent trading ahead of key corporate earnings and inflation data due later in the week.
Shares of Intel (INTC) surged following a report CEO Lip-Bu Tan is set to visit the White House today after President Trump called for his resignation last week.
Intel's turnaround is at risk given political criticism of CEO Lip-Bu Tan. Can he and Trump work together to resurrect U.S. chip making?
Intel CEO Lip-Bu Tan is scheduled to visit the White House on Monday following President Donald Trump's call last week for his ouster over ties to China, according to a new report.
Intel CEO Lip-Bu Tan is set to visit the White House on Monday after President Trump called for his removal last week, the Wall Street Journal reported on Sunday, citing people familiar with the matter.
Intel CEO Lip-Bu Tan is set to visit the White House on Monday after U.S. President Donald Trump called for his removal last week, the Wall Street Journal reported on Sunday, citing people familiar with the matter.
Lip-Bu Tan is set to meet with the president, who last week called for Tan's removal.
Intel is working with the Trump administration to address the issues being raised, the new CEO said.
When Lip-Bu Tan was brought in to revive Intel Corp. back in March, he had at least one thing working in his favor: A presidential administration seemingly determined to support the last bastion of leading-edge U.S. chip making.
Recently, Zacks.com users have been paying close attention to Intel (INTC). This makes it worthwhile to examine what the stock has in store.