New Delhi, Aug. 12 -- In a surprising turn of events, US President Donald Trump praised Intel Corp CEO Lip-Bu Tan just days after publicly demanding his resignation.

This shift came after Lip-Bu Tan met with the President at the White House on Monday to clear up what the CEO called "misinformation" about his track record, Bloomberg reported.

The American chip icon's shares jumped more than 2% in extended trading following Trump's positive remarks about the meeting on Monday, reported the news agency.

Last Thursday, Trump accused Tan of having a conflict of interest due to his ties to Chinese firms. In a post on Truth Social, Trump said Tan should immediately step down as chief of the American chipmaker, describing him as "highly CONFLI...