Intel stock climbed 6% Friday after CEO Lip-Bu Tan met with President Donald Trump, continuing a rally that has seen the stock more than double since the U.S. took a stake in the chipmaker in August.

“The United States Government is proud to be a Shareholder of Intel,” Trump said in a Truth Social post Thursday following the meeting.

Trump lauded Tan as “very successful” and touted the launch of Intel’s recent chip that was “designed, built, and packaged right here in the U.S.A.”

Tan responded in an X post that he was honored and “delighted to have the full support and encouragement” of Trump and U.S. Secretary of Commerce Howard Lutnick.

The CEO also noted that Intel’s latest Core Ultra Series 3 CPU processors, its first major product built on Intel 18A, is now shipping out.

In August, the White House negotiated an $8.9 billion investment in Intel, buying 433.3 million shares at $20.47 per share.

That stake is now worth about $19 billion. The stock is up nearly 20% since the start of the year.