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Intel shares climbed 7% after President Trump announced that the chipmaker will partner with Apple on chip design in the United States.
The move adds a notable chapter to Intel's ongoing recovery from years of competitive and operational headwinds.
What the Announcement Means for Intel The partnership, as described by Trump, positions Intel as a design collaborator with Apple — one of the world's most demanding chip customers and a company that has spent the better part of a decade building its own silicon in-house.
Apple's shift to proprietary processors, beginning with its own mobile chips and extending to its Mac line, made it a benchmark for what vertically integrated chip design can accomplish.
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