NewsNTech
Intel shares climbed 10% after President Trump stated the chipmaker will partner with Apple on chip design work inside the United States.
The move extends Intel's recent rally, adding a new catalyst to a company pushing through years of operational and competitive headwinds.
A Presidential Signal for Domestic Design Work The announcement came directly from Trump, who framed the collaboration as a U.S. chip design initiative between two of the country's best-known technology names.
Pairing Apple — among the most design-forward chip consumers in the industry — with Intel on domestic work carries supply-chain implications that go beyond a single session's price move.
Keep reading