Shares in Intel jumped by more than 7% on Thursday, following reports that the Trump administration is in talks to take a stake in the chipmaker. The reported deal would support the technology firm's plans to build a manufacturing hub in Ohio, according to Bloomberg, which reported that the size of the potential stake is not clear.

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

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.