Shares of Intel (NASDAQ: INTC) are moving higher on Friday, up 5.5% as of 12:50 p.m. ET. The jump comes as the S 500 (SNPINDEX: ^GSPC) was up 0.3% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was flat.

The chipmaker's stock is gaining after The Wall Street Journal reported that President Trump is considering a tariff on semiconductor companies that rely too heavily on foreign manufacturers.

The reported this morning that President Trump is considering a tariff on chipmakers that manufacture more chips overseas than in the U.S. If companies don't maintain at least a 1-to-1 ratio of chips fabricated domestically to internationally, they could soon face a stiff tariff.

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Source Fool.com