The chip maker could ask for more monetary support and for the White House to encourage customers to use its advanced chips, Bernstein analysts said.

Less than a week after demanding his resignation, President Donald Trump is now calling the career of Intel's CEO an “amazing story.” Shares of Intel, which slid last week after CEO Lip-Bu Tan came under fire from the U.

Shares of the chipmaker rose 3% in extended trading. Last week, Trump had demanded the immediate resignation of Tan, calling him "highly conflicted" over his ties to Chinese firms, injecting uncertainty into the chipmaker's years-long turnaround effort.