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.

Intel CEO Lip-Bu Tan was due to visit the White House on Monday after U.S. President Donald Trump called for his removal last week, a source familiar with the matter said.

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%.

Intel CEO Lip-Bu Tan is set to visit the White House on Monday after President Trump called for his removal last week over ties to Chinese businesses. Tan is expected to have a wide-ranging conversation with Trump,

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.

White House press secretary calls Democratic whistleblower testimony about Adam Schiff allegedly approving classified leaks against Trump a bombshell.

A breakup appears to be an option under consideration by Intel chairman Frank Yeary, who explored the idea before Tan was even hired, according to reporting by The Wall Street Journal. Tan seems to be resisting the idea of breaking off the company’s manufacturing business, but his ultimate stance remains unclear.

Shocking newly declassified evidence suggests failed presidential contender Hillary Clinton hid serious emotional and physical issues from the public and existed on a diet of tranquilizers, even as the staunch Democrat positioned herself as a viable White House candidate during the 2016 election race — just as sources previously told Globe.