Just days ago, Trump called for Lip-Bu Tan’s firing. Now he’s praising the Intel CEO’s ‘amazing’ success story, suggesting that tensions are easing.

Intel (INTC) shares are extending gains this morning after President Donald Trump said he’s met with Lip-Bu Tan, the chipmaker’s current chief executive, and even called him a “success.” The president’s remarks are significant since they arrive only days after he called Tan “highly CONFLICTED” and demanded that he resigns immediately.

Intel shares rallied after President Trump said he had met with the embattled chip maker's chief executive. The president said Monday's meeting, also attended by Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent,