Days after shares surged on upwardly-revised forecasts for the year ahead, Intel is looking for another win. The chipmaker is reportedly negotiating with local government in Oregon to lock in property tax exemptions, a coup worth more than $1 billion over the next several years. Local newspaper 'The Oregonian' confirms Intel and officials are currently in talks, though they remain preliminary at this stage. The current deal in place exempts the company from paying property tax on up to $25 billion worth of equipment, though the company is on track to hit that exemption cap by as early as 2016.

More from Video

Immigration, Instagram and Oil - Here's What You Can't Miss Wednesday

Immigration, Instagram and Oil - Here's What You Can't Miss Wednesday

REPLAY: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

REPLAY: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

3 Ways to Fix Starbucks Biggest Challenges

3 Ways to Fix Starbucks Biggest Challenges

2 Things Fed Chairman Jerome Powell Just Said Upset Investors

2 Things Fed Chairman Jerome Powell Just Said Upset Investors

Jim Cramer: Oil Needs to Go Down to See Worldwide Growth Pick Up

Jim Cramer: Oil Needs to Go Down to See Worldwide Growth Pick Up