Intel CEOs meeting with Trump: Lip-Bu Tan called 2 tech CEOs to vouch for him; govt deals followed
Intel CEO Lip-Bu Tan faced pressure from President Donald Trump over China investments. Tan sought help from tech leaders Satya Nadella and Jensen Huang. This led to a crucial meeting where Tan secured an $8.9 billion US government investment. The deal gave Intel a vital status. This transformed presidential hostility into a significant government partnership.
Intel CEO Lip-Bu Tan called upon two of Silicon Valley's most influential leaders—Microsoft's Satya Nadella and Nvidia's Jensen Huang—to vouch for him with President Donald Trump after the president publicly demanded his resignation over alleged China ties, according to Reuters.
The behind-the-scenes outreach, which occurred in August 2025 following Trump's social media attack calling Tan "highly conflicted," preceded what became the most pivotal 40-minute meeting of Tan's career—one that transformed presidential hostility into an $8.9 billion government investment and gave Intel a "too-strategic-to-fail" status.Tan strategically turned to Nadella and Huang because both tech leaders had already cultivated relationships with Trump and visited the White House, two people familiar with the discussions told Reuters.
The endorsements proved crucial as Tan prepared to defend himself against accusations stemming from his 600 investments in Chinese companies, some allegedly linked to the country's military.
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The meeting, attended only by Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent, proved transformative for Intel. Tan successfully convinced Trump of his commitment to American interests despite having made some 600 investments in China, including companies allegedly linked to the country's military.
The CEO's preparation extended beyond seeking endorsements. Reuters reported that Tan strategised with advisors on presenting his personal story as an American patriot while addressing concerns about his China holdings. His dealmaking background—built over a career that amassed him an estimated fortune exceeding $500 million—proved crucial during negotiations.
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The meeting culminated in a groundbreaking agreement where the U.S.
government invested $8.9 billion for nearly 10% of Intel, giving the chipmaker what sources described as a "too-strategic-to-fail" status. Within weeks, Tan secured a $5 billion partnership with Nvidia, with Huang calling Tan his "long-time friend."Microsoft's Nadella later publicly endorsed the arrangement, stating the partnership "will benefit the country and broader technology ecosystem for years to come."Trump's initial hostility transformed dramatically—just days after demanding Tan's resignation, the president praised his "amazing story" following their meeting. The deal opened doors to potential partners eager to win presidential favor and may herald a new era of U.S. industrial policy through government equity stakes in strategic businesses.Intel shares have risen approximately 80% since Tan's March appointment, though the company faces ongoing challenges in manufacturing and AI strategy.