Honored By President Trump's 'Confidence,' Says Intel CEO Lip-Bu Tan: Calls US Government 'Essential Partner' In Rebuilding America's Chip Industry
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Intel CEO Lip-Bu Tan expressed gratitude towards President Trump and the U.S. government during the company's Q3 earnings call, highlighting their essential role in restoring America's semiconductor industry. He noted Intel's strategic position as the only U.S.-based semiconductor company with leading-edge R&D and manufacturing. The company reported $13.65 billion in revenue, exceeding analyst expectations, and its stock rose 3.36% following the announcement. Tan emphasized the importance of government support in Intel's recovery and commitment to national goals of technological independence.
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