Intel shares surged 7.4% after reports that the Trump administration is considering a government investment in the struggling chipmaker to support its Ohio factory hub and financial stability amid job cuts.

Talks followed a meeting between President Trump and Intel CEO Lip-Bu Tan, despite Trump recently calling for Tan’s resignation over alleged ties to China.

While the White House stressed the discussions are speculative, investors reacted positively, lifting Intel’s market value to $104.4bn, The Guardian has reported.

The potential stake would mark another U.S. government intervention in critical industries, despite Trump’s prior criticism of Intel’s leadership.