Shares of Intel climbed as much as 8.9% on Thursday. The stock closed 7.4% higher at $23.86 in New York, giving the company a market value of about $104.4 billion. The shares continued rising as much as 4% further after the close of regular trading.

The Trump administration is in talks with Intel Corp. to have the US government take a stake in the beleaguered chipmaker, according to people familiar with the plan, in the latest sign of the White House’s willingness to blur the lines between state and industry.

A deal would help shore up Intel’s planned factory hub in Ohio, said the people, who asked not to be identified because the deliberations are private. The company had once promised to turn that site into the world’s largest chipmaking facility, though it’s been repeatedly delayed. The size of the potential stake isn’t clear.