Intel shares jumped on Tuesday as investors responded to signals the Trump administration may throw the company’s troubled foundry business a lifeline.

Treasury Secretary Scott Bessent said the White House wouldn't try to flex its power with a stake in Intel.

The U.S. government aims to take an equity stake in Intel, Commerce Secretary Howard Lutnick said Tuesday morning.“We should get an equity stake for our money, so we’ll deliver the money which was already committed under the Biden administration,

Scott Bessent, the U.S. Treasury Secretary, said today that any investment made by the U.S. government in Intel would be used to stabilize the chipmaker.