Intel Corporation’s stock rose over 4% on Apr. 3, following a report from The Information about a potential joint venture with Taiwan Semiconductor Manufacturing Co. (TSMC).

The rise came after shares had dropped more than 5% earlier in the day.

The report said that Intel and TSMC executives have reached a tentative agreement to form a joint venture, which could involve some of Intel’s manufacturing facilities.

The venture would allow Intel and other American chipmakers to hold a majority stake.

Bloomberg News had reported in February that the companies were exploring this idea at the request of the Trump administration.

Intel has not yet commented on the report.

Recent Intel developments