United Kingdom, Aug. 15 -- Intel shares have soared amid speculation that the Trump administration is in talks to take a stake in the chipmaker.

The firm's shares jumped by over seven per cent on Thursday (14.08.25) due to the prospective deal that would support Intel's plans to build a manufacturing hub in Ohio.

The size of the possible stake is not clear and White House spokesman Kush Desai said "discussion about hypothetical deals should be regarded as speculation unless officially announced by the administration".

It comes just days after a meeting between Intel chief Lip-Bu Tan and US President Donald Trump, who had previously accused the tech boss of being "highly conflicted" due to his alleged ties with China.

Bloomberg reports...