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.

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.

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%.

Lip-Bu Tan is set to meet with the president, who last week called for Tan’s removal.

Intel CEO Lip-Bu Tan visited the White House on Monday amid pressure from President Donald Trump and other Republican lawmakers to resign over alleged ties to China. A spokesperson for Intel confirmed to NBC4 that Tan had a “candid and constructive” meeting discussing the company’s commitment to “strengthening U.

In a potentially dramatic shift for corporate America and U.S. industrial policy, the Trump administration is actively considering a plan to buy a direct stake in Intel, one of the world’s largest and most strategically important chipmakers and the recent target of fierce criticism from the president himself.

Sticky inflation be damned. Investors expect the Federal Reserve to cut interest rates by a quarter of a percentage point in September.

Despite the rocky relationship between President Donald Trump and CEO Lip-Bu Tan, the government is reportedly eyeing a stake in Intel.