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Apple partners with Intel for US chip production, Trump says
Key takeaways
- Add ARY News on Google AAResize Apple has agreed to collaborate with Intel to produce some of its chips in the United States, according to President Trump on Thursday.
- Following his announcement, Intel’s stock increased by 9 percent in premarket trading, while Apple rose 0.6 percent.
- Neither company has officially confirmed the deal, but The Wall Street Journal reported last month that Apple and Intel had reached a preliminary agreement for Intel to manufacture processors for Apple devices.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize Apple has agreed to collaborate with Intel to produce some of its chips in the United States, according to President Trump on Thursday.
Following his announcement, Intel’s stock increased by 9 percent in premarket trading, while Apple rose 0.6 percent.
Neither company has officially confirmed the deal, but The Wall Street Journal reported last month that Apple and Intel had reached a preliminary agreement for Intel to manufacture processors for Apple devices.
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