The Trump administration is exploring using US Chips Act money to take an equity stake in Intel Corp., according to people familiar with the matter — an unusual move aimed at rescuing the struggling chipmaker and bolstering domestic semiconductor production, according to Bloomberg.

Talks center on using Chips Act funding to partially finance the purchase, though options are still in early discussion, the people said. It's unclear whether the stake would come from converting existing Intel grants, allocating new funding, or combining Chips Act money with other sources.