U.S. Commerce Secretary Howard Lutnick on Tuesday confirmed the U.S. government is vying for a 10% stake in Silicon Valley pioneer Intel in an unusual deal that would deepen the Trump administration’s financial ties with major computer chip manufacturers and punctuate a dramatic about-face from the president’s recent push to oust the company’s CEO.

While an investment from SoftBank Group Corp. and rumors of a U.S. government stake sent Intel’s stock soaring Tuesday, Wall Street remains skeptical that throwing money at the chip maker will usher in a real turnaround.