Intel Corporation is trading 4.2% up at $139.65 following news of a strategic partnership with Apple to design and manufacture chips in the United States.
- The deal provides a major boost to Intel’s foundry ambitions and supports the company's domestic semiconductor manufacturing roadmap.
- The alliance allows Apple to diversify its supply chain while strengthening Intel’s competitive position against industry leader TSMC.
- The move extends a sharp multi-day rally for the stock as investor optimism grows over its long-term strategic shift.