Speculation about the White House taking a stake of up to 10% in semiconductor giant Intel continues to dominate the global market, thus successfully boosting the company's shares by 24% last week, the best weekly performance since January 2000.
According to a Bloomberg report, the move is seen as able to strengthen national security and reduce the United States' (US) dependence on chip production from Asia.
Intel, which is currently led by Lip-Bu Tan, previously faced great pressure when President Donald Trump urged him to resign following allegations of having links to Chinese companies.
However, after an official meeting at the White House, Trump was seen changing his stance by describing Tan as an 'extraordinary success story'.
Intel also made history as the largest beneficiary of the CHIPS and Science Act, with $7.86 billion in funds obtained to develop semiconductor projects in Arizona, New Mexico, Ohio and Oregon.
Market analysts described this discussion as another Trump strategy in reshaping the global economic landscape, signaling a revival for Intel after the previous administration's failure to recover.
