A month after the federal government took a 10% stake in Intel, President Trump is considering new tariffs.

Shares of Intel ( INTC 4.53% ) are moving higher on Friday, up 5.5% as of 12:50 p.m. ET. The jump comes as the S&P 500 ( ^GSPC 0.59% ) was up 0.3% and the Nasdaq Composite ( ^IXIC 0.44% ) was flat.

The chipmaker's stock is gaining after The Wall Street Journal reported that President Trump is considering a tariff on semiconductor companies that rely too heavily on foreign manufacturers.

New tariffs could be coming soon

The Journal reported this morning that President Trump is considering a tariff on chipmakers that manufacture more chips overseas than in the U.S. If companies don't maintain at least a 1-to-1 ratio of chips fabricated domestically to in

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