The Trump administration is in talks with Intel to inject federal capital into the company, according to people familiar with the discussions. The aim is to expedite U.S. semiconductor production and reinvigorate Intel’s long-delayed Ohio factory, Bloomberg reported.

"We look forward to continuing our work with the Trump administration to advance these shared priorities, but we are not going to comment on rumors or speculation," an Intel spokesperson told FOX Business.

The talks gained momentum after a White House meeting between President Trump and Intel CEO Lip-Bu Tan, two people familiar with the matter told Bloomberg.

Though no terms are confirmed, the move would mark a rare instance of direct U.S. government investment in a private tech firm, according to the report.

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