Intel stock rose 7% in trading on Thursday after Bloomberg reported that the Trump administration is in talks with the chipmaker to have the U.S. government take a stake in the embattled company.

Intel is the only U.S. company with the capability to manufacture the fastest chips on U.S. shores, although rivals including TSMC and Samsung also have U.S. factories. President Trump has called for more chips and high technology to be manufacture in the U.S.

The government’s stake would help fund factories it’s currently building in Ohio, according to the report.

The news about the discussions comes days after Intel CEO Lip-Bu Tan visited Trump in the White House. That meeting came after Trump had called for Tan’s resignation based on allegations he has ties to China.

Intel said at the time that Tan is “deeply committed to advancing U.S. national and economic security interests.” An Intel representative did not immediately respond to a request for comment on Thursday.

Tan took over Intel earlier this year after the chipmaker failed to gain significant share in AI chips, while it was spending heavily to build its foundry business, which manufactures chips for other companies.

Intel’s foundry business has yet to secure a major customer, which analysts say would allow it to be confident in spending to build new factories, and which would be a signal to other chip companies to consider Intel for manufacturing.

In July, Tan said that Intel was cancelling plans for manufacturing sites in Germany and Poland and would slow down development in Ohio and that spending at the chipmaker would be closely scrutinized.

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