Intel Corporation ( INTC ) shares are trading higher Monday amid reports indicating CEO Lip-Bu Tan will meet with President Donald Trump.

What To Know: According to Bloomberg, the meeting is expected to take place Monday at the White House. It comes four days after Trump called for Tan's resignation in a Truth Social post, describing him as "highly CONFLICTED" and alleging ties to Chinese semiconductor companies with connections to the country's military.

The criticism followed a letter from Republican Senator Tom Cotton to Intel's ( INTC ) board chairman seeking answers about Tan's business interests in China. Tan has said he has the full support of Intel's ( INTC ) board and reached out to the White House to address what he described as "misinformation" about his record.

Intel ( INTC ) did not immediately comment on the planned meeting.

See Also: Sanofi, Eli Lilly, Novo Nordisk, AstraZeneca Face Renewed Claims Of Conspiring To Restrict 340B Discounts

INTC Price Action: At the time of writing, Intel ( INTC ) stock is trading 5.56% higher at $21.06, according to data from Benzinga Pro.

Image via Shutterstock