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Intel shares jumped 9% after President Trump stated that the chipmaker will partner with Apple on U.S. chip design, handing one of the market's most closely watched turnaround stories a high-profile demand signal.
The move extends a broader rally for Intel as it works through years of accumulated headwinds.
What Trump Said — and What It Means for Intel The announcement, as described by Trump, places Intel at the center of a domestic chip design effort alongside Apple — two companies whose strategic relationship has been effectively nonexistent for years.
No deal terms, product specifics, or timelines were disclosed, leaving investors to assess the credibility and scope of the partnership on the basis of the announcement alone.
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