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A government intervention in struggling chipmaker Intel is "essential" for the sake of national security , analyst Gil Luria said Friday, following a report that the Trump administration is weighing taking a stake in the company.

"We're all capitalists," Luria, head of technology research at D.A. Davidson, said in an interview with CNBC's " Squawk Box ." "We don't want government to intervene and own private enterprise, but this is national security."

Bloomberg reported Thursday that the Trump administration is considering having the U.S. government take a stake in Intel.

The news sent the chipmaker's shares higher, and the stock climbed more than 6% on Friday. Shares of Intel are on track for the

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