Over the past month, Intel (NASDAQ: ) CEO Lip-Bu Tan has slipped into a story arc uncannily reminiscent of Federal Reserve Chair Jerome Powell’s, after President Trump cast the nation’s top central banker as a personal foil. It began on August 7, when Trump blasted Tan on Truth Social as “highly CONFLICTED and must resign, immediately. There is no other solution to this problem.” This was a jab at Tan’s history of venture investments in Chinese firms. Yet, in true Trump fashion, the attack soon flipped. Just four days later, after a White House meeting with Tan, Bessent, and Lutnick,...