The Trump administration is in talks with Intel to have the U.S. government potentially take a stake in the struggling chipmaker, Bloomberg News reported on Thursday, citing people familiar with the plan.

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,

Last November, the Biden administration provided Intel with $7.86 billion in CHIPS Act funding to support its chip manufacturing push. About a fifth of that sum is earmarked for Intel’s Ohio site. Separately, the company has won a $3 billion grant to make chips for the U.S. defense sector through an initiative called Secure Enclave.