Intel stock popped on Friday on a report the US government could take a stake in the ailing chip company.

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.

The Trump administration is reportedly considering having the US government take a stake in Intel, a company that was once one of America’s most important tech giants but which has since fallen on hard times.