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Intel shares jump 10% after Trump announces Apple chip manufacturing partnership in the U.S.

By

Aimee Picchi

14d ago· 3 min readenNews
technologybusinesssemiconductorsus manufacturing

Summary

Intel shares surged over 10% after President Trump announced on social media that Intel will collaborate with Apple to design and manufacture chips in the United States. Trump also highlighted the U.S. government's 10% stake in Intel, now valued at $60 billion. Apple did not immediately comment, while Intel declined to provide further details.

Source

bskyIntel shares jump 10% after Trump announces Apple chip manufacturing partnership in the U.S.cbsnews.com

Key quotes

· 3 pulled
Intel's stock rose $12.72, or 10.5%, to $133.82 shortly after trading opened on Thursday.
Apple did not immediately respond to a request for comment, while Intel said it would not comment.
President Trump touted the U.S. government's 10% stake in Intel, noting that it is now worth $60 billion.
Snippet from the RSS feed
In a social media post, President Trump touted the U.S. government's 10% stake in Intel, noting that it is now worth $60 billion.

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