Apple Partners With Intel on U.S. Chip Design and Manufacturing, Intel Stock Surges 10.64%

According to President Trump on June 18, Apple has agreed to collaborate with Intel on designing and manufacturing chips in the United States, bolstering Intel's foundry business expansion and strengthening U.S. semiconductor supply chain localization. Intel stock surged 10.64% on the news, reaching an all-time high with year-to-date gains exceeding 300 percent, while Apple shares rose 0.7 percent. The Wall Street Journal reported in May that Intel and Apple had reached a preliminary agreement on chip production following over a year of negotiations, marking Intel's latest victory in securing major customers for its foundry operations.
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