Intel stock popped on Friday on a report the US government could take a stake in the ailing chip company.

Government Stake in Intel Sparks Surge Reports yesterday that the Trump administration is exploring a potential equity stake in Intel (NASDAQ:INTC), a move that could significantly reshape U.S. semiconductor policy,

News that the U.S. could become a shareholder in Intel continues to boost the troubled chip maker's stock. The shares had jumped more than 7% Thursday, after news of the deal talks emerged. In premarket trading Friday,

Intel needs tens of billions of dollars to complete a chip fabrication plant in Ohio, and lacks the cash to do it. The U.S. government wants Intel to succeed to help bring chip manufacturing back to the U.

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Intel's stock climbed Friday, while other chip stocks slid after President Trump told reporters semiconductor tariffs could climb as high as 300%.

Interest from the US government potentially signals Intel as a critical player in U.S. semiconductor and national security strategy.