Shares of Intel took a hit last week following Trump's comments on the tech CEO, which were prompted by a letter sent by Sen. Tom Cotton (R-AR) to Intel Chairman Frank Yeary

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.”

Trump calls for Intel’s CEO to go. Lawmakers have focused on his ties to China. With Intel struggling to save itself, the Bernstein analysts said Tan could come to Trump with ideas not only for monetary support,