Intel is preparing to deepen its investment in AI startup SambaNova Systems, in a move that could expand its stake while also raising questions about corporate governance.

In a decisive move that could reshape the future of Intel, CEO Lip-Bu Tan secured a $5.7 billion investment from the U.S. government after a pivotal Oval Office meeting with President Donald Trump. The agreement gave the government nearly a 10% stake in the chipmaker and positioned Intel as a strategic player in U.S. semiconductor production.

Intel shares surged more than 30% on Thursday after Nvidia revealed plans to invest $5 billion in the company and co-develop new data center and PC chips.

Intel (INTC) shares climbed more than 3% in premarket trading on Tuesday following a meeting between CEO Lip-Bu Tan and President Trump, who had called for Tan’s resignation just last week.

U.S. President Donald Trump on Thursday called for the immediate resignation of Intel CEO Lip-Bu Tan, citing alleged ties to China that have raised national security concerns.

Incoming Intel CEO Lip-Bu Tan brings "instant credibility" that should help restore investor confidence and support the company's efforts to become a major contract chipmaker, Wall Street analysts said on Thursday.