Last week, President Donald Trump called Intel CEO Lip-Bu Tan "highly CONFLICTED" on Truth Social. On Monday, he posted calling Tan a "success."

U.S. President Donald Trump said he met with Intel CEO Lip-Bu Tan on Monday, days after seeking his resignation, praising Tan and calling the meeting "a very interesting one." Shares of the chipmaker rose 3% in extended trading.

Cotton apparently expressed concerns aout the "security and integrity of Intel's operations" due to Tan's ties with China. Tan was named the CEO of Intel in March, taking over a company that was losing money due to its foundry business being unable to secure big customers and lagging behind rivals like Taiwan Semiconductor.