Trump administration in talks to take Intel stake, reports say

The big picture: Intel's planned $20 billion semiconductor plant in Ohio has been repeatedly delayed, and a major government investment could provide a needed boost, Bloomberg noted. Taking a stake would echo previous moves by the administration.

• The U.S. government took a "golden share" to allow Nippon Steel to acquire U.S. Steel.
• The U.S. Department of Defense is buying $400 million in preferred shares in MP Materials, a miner of raw earth minerals.

Zoom out: The reports of talks come just days after Intel CEO Lip-Bu Tan met with President Trump, Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick at the White House.

• Last week, Trump had called for Tan to resign, citing what he said were ties to China.

Other countries have stakes in companies they consider to be of national importance. The biggest shareholder in Taiwan Semiconductor Manufacturing, for example, is Taiwan's sovereign wealth fund, which has a 6.4% stake.

By the numbers: Shares of Intel surged after the initial Bloomberg report.

• The stock rose more than 7% in regular trading and gained another 3% in after-hours trading.
• The surge added more than $7 billion to the company's market capitalization.