Why: The fresh momentum follows a report that the US government could take a stake in the company. Bloomberg reported that plans came about after a meeting between President Donald Trump and Intel CEO Lip-Bu Tan. Details are still being assessed but sources said that the US government plans on paying for a stake in the company.

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,

News that the U.S. could become a shareholder in Intel continues to boost the troubled chip maker's stock. The shares had jumped more than 7% Thursday, after news of the deal talks emerged. In premarket trading Friday,