Trump admin weighs taking stake in Intel, US report says
Intel's shares surged over 7 per cent in regular trading and then another 2.6 per cent after the bell.
The plan stems from a meeting this week between President Donald Trump and Intel CEO Lip-Bu Tan, according to the report.
The meeting came days after Trump publicly demanded the resignation of Tan over his investments in Chinese tech companies, some linked to the Chinese military.
Intel declined to comment on the report but said it was deeply committed to supporting Trump's efforts to strengthen US technology and manufacturing leadership.
'Discussion about hypothetical deals should be regarded as speculation unless officially announced by the administration,' said White House spokesman Kush Desai.
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