Intel

Trump said the deal came out of a meeting last week with Intel CEO Lip Bu Tan.

Less than a week after demanding his resignation, President Donald Trump is now calling the career of Intel’s CEO an “amazing story.”

Intel CEO Lip-Bu Tan said he’s “always operated within the highest legal and ethical standards” after President Donald Trump and Ohio U.S. Senator Bernie Moreno said he should resign.

President Donald Trump and U.S. Sen. Bernie Moreno of Ohio posted on social media that want Intel CEO Lip-Bu Tan to immediately resign after a report Wednesday that mentioned alleged ties to China.

The hits keep coming for Intel, as the company works to rebound from financial losses.

Intel was originally supposed to start production on the plants this year. The facilities are expected to bring 3,000 jobs to the community.

State and local officials are reacting to Intel's announcement that the company was slowing construction on its $28 billion New Albany project in Licking County.

Intel CEO Lip-Bu Tan made the announcement in a note to employees on the company's second-quarter earnings.

The Trump administration will back off on terminating the legal status of international students. The move comes after many students, including two from Ohio State, filed court challenges.

Bloomberg News is reporting Intel plans to lay off 20% of its workforce.