Trump Announces Apple-Intel Chip Deal

President Donald Trump announced that Apple has struck a deal with Intel to design and produce advanced semiconductors in the United States, sending Intel stock surging.

The surprise revelation marked the administration's latest push to reshore chip manufacturing and reduce dependence on Asia.

The deal comes amid growing concerns about the vulnerability of semiconductor supply chains, particularly following tensions with China.

It represents a major win for the administration's economic nationalism and efforts to bring critical manufacturing back to American soil.