(Reuters] -Intel Corp nears a deal to acquire an Israeli chip manufacturer Tower Semiconductor (NASDAQ:) for almost $6 billion, the Wall Street Journal reported https://www.wsj.com/articles/intel-near-roughly-6-billion-deal-to-buy-tower-semiconductor-11644876391?mod=latest_headlines on Monday, as the U.S. company ramps up spending to boost its manufacturing operations.

The report stated that a deal could be revealed as soon as this week, providing the talks are not canceled, according to people who were familiar with the matter.

Reuters reached out to Tower Semiconductor and Intel (NASDAQ:). They did not respond immediately.

Tower Semiconductor shares listed in the U.S., which is a company that makes analog integrated circuits for computers, saw a nearly 53% increase in extended trading, while Intel’s share price was only 0.8%.

Intel last month announced that it was investing up to $100 million to construct the potential world’s biggest chip-making plant in Ohio. The move is intended to improve capacity, as there has been a shortage of silicon globally.

It was part Chief Executive Officer Pat Gelsinger’s plan to restore Intel’s dominance in chip manufacturing and lessen America’s dependence upon Asian manufacturing hubs.