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.”

Intel says Lip-Bu Tan's meeting with President Trump at the White House led to a 'candid and constructive discussion.'

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.