Talks for an undisclosed stake come days after President Donald Trump called for Intel’s CEO to resign.
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The administration of United States President Donald Trump is in talks with Intel to have the US government potentially take a stake in the chipmaker.
Intel’s shares surged more than 7 percent in regular trading and then another 2.6 percent after the bell on Thursday, following Bloomberg News’ initial report of the potential deal, which cited people familiar with the plan.
It is unclear what size stake the federal government will take, but Bloomberg reports that the deal will help “shore up” a planned factory in Ohio that has been delayed.
