The White House is considering taking a 10% stake in chipmaker Intel per reports as talks with the company and Trump's team advance.

The exact value of the 10% stake in Intel is still under discussion. Intel has a market value of about $100 billion. A 10% stake would make the government one of the company’s largest shareholders.

The Trump administration is in talks to take a 10% stake in Intel by converting some or all of the struggling company's Chips Act grants into equity, Bloomberg News reported, citing a White House official and other people familiar with the matter.