A potential deal with the Trump administration is shaping up to be a saving grace for Intel (INTC), which saw its shares climb Friday while other semiconductor stocks slid. President Trump told a group of reporters aboard Air Force One Friday morning that he could put tariffs on imported chips as soon as next week.

President Donald Trump indicated that tariffs on certain items could climb as high as 300% in a conversation with reporters Friday.

A new report says the U.S. could take a financial stake in Intel — what would be the government’s biggest venture yet into private business for national-security reasons.