Trump praises Intel CEO after calling for his resignation

Less than a week after demanding his resignation, President Donald Trump is now calling the career of Intel's CEO an “amazing story.” Shares of Intel, which slid last week after CEO Lip-Bu Tan came under fire from the US president, bounced higher before the opening bell on Tuesday. The attack from Trump came after Senator Tom Cotton sent a letter to Intel Chairman Frank Yeary expressing concern over Tan’s investments and ties to semiconductor firms that are reportedly linked to the Chinese Communist Party and the People’s Liberation Army.