Patrick Moorhead, Moor Insights and Strategy CEO, joins 'Power Lunch' to discuss Moorhead's reaction to the latest news regarding Intel, the government's ties to the company and much more.

Intel CEO Lip-Bu Tan is scheduled to visit the White House on Monday following President Donald Trump’s call last week for his ouster over ties to China, according to a new report.

Just days ago, Trump called for Lip-Bu Tan’s firing. Now he’s praising the Intel CEO’s ‘amazing’ success story, suggesting that tensions are easing.

He may have won over the deal-besotted Trump, but rebuilding America’s chip manufacturing prowess is a job few envy

Should Intel CEO Lip-Bu Tan resign over his alleged ties to Chinese companies? Who would replace him? Seeking Alpha analysts weigh in. Read more here.

President Trump said Monday afternoon that he had met with Intel CEO Lip-Bu Tan, after he had abruptly called for Tan’s immediate removal last week over ties to Chinese businesses. “I met with Mr. Lip-Bu Tan,

Shares of Intel ( INTC 3.73%) are soaring this week, up 24.1% as of 3:13 p.m. ET. The spike comes as the S&P 500 ( ^GSPC -0.22%) was up 1%, and the Nasdaq-100 was up 0.5%.

New-age search engine Perplexity made an audacious $34.5 billion bid to buy Google’s Chrome browser, which is not even for sale yet, pending a court decision. But it reportedly had to raise a new round to show it’s serious, which remains in doubt despite its claim that it has several venture funds interested in backing its bid.