Intel Corporation (NASDAQ:INTC) shares are trading higher Monday amid reports indicating CEO Lip-Bu Tan will meet with President Donald Trump.
The criticism followed a letter from Republican Senator Tom Cotton to Intel's board chairman seeking answers about Tan's business interests in China. Tan has said he has the full support of Intel's board and reached out to the White House to address what he described as "misinformation" about his record.
Intel did not immediately comment on the planned meeting.
INTC Price Action: At the time of writing, Intel stock is trading 5.56% higher at $21.06, according to data from Benzinga Pro.
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