Trump Confirms Intel Will Produce Chips for Apple; Intel Stock Surges 10.64%, Investment Returns Hit 550%

According to President Trump's Truth Social post on June 18, Intel will produce chips for Apple, with Intel stock surging 10.64% to $133.99 on the news. The announcement marks a major win for Intel's U.S. manufacturing push.

The U.S. government's investment in Intel has generated a 550% return since August last year, when it acquired a 10% stake at $20.47 per share, according to Trump's statement praising the investment decision.

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