The Trump administration is reportedly considering having the US government take a stake in Intel, a company that was once one of America’s most important tech giants but which has since fallen on hard times.

President Trump had urged CEO Lip-Bu Tan to step down over his past ties with China. But the narrative flipped last week after a highly positive White House meeting

The 65-year-old technology and venture capital industry veteran has amassed a fortune worth at least $1.1 billion, according to the Bloomberg Billionaires Index, which is calculating Lip-Bu Tan’s net worth for the first time.

Shares of Intel ( INTC 3.73%) are soaring this week, up 24.1% as of 3:13 p.m. ET. The spike comes as the S&P 500 ( ^GSPC -0.22%) was up 1%, and the Nasdaq-100 was up 0.5%.

What Intel needs more than new board members is customers for its manufacturing, or “foundry”, arm. They have not been forthcoming, partly because Intel’s chip-design business competes with would-be buyers such as AMD and Nvidia.

A 10-year Intel employee has officially received sentencing, with the former employee now relocating to France to take up vineyard management.

According to the news agency, Intel, which burned through more than $15.5 billion in negative free cash flow last year, has had to delay construction of a new semiconductor facility in Ohio due to lack of cash.

Consumers claiming Intel sells CPUs with a vulnerability that can only be fixed by slowing the hardware can't pursue their claims as a nationwide class action, but a federal judge left the door open for state-based claims.