The president recently secured a commitment by Nvidia and Advanced Micro Devices to pay the government 15% of their chip sales in China in exchange for export licenses. In Nippon Steel’s takeover of U.S. Steel, he received a “golden share” giving him sway over how the company operates.

Intel shares have jumped after Japanese technology investment giant Softbank said it is buying a $2bn (£1.5bn) stake in the US computer chip maker. The announcement came just hours after new reports that the Trump administration is in talks to take a stake of around 10% in Intel by converting government grants into shares.

Japan’s SoftBank will invest $2 billion into struggling American chipmaker Intel, the two companies announced Monday.