ASX to open down; Oil falls but Wall Street rallies (opens original article in a new tab)

Intel surged after Trump said Apple would work with it on US chip production, while Apple's stock also rose. Intel faces challenges in proving its manufacturing capabilities.

• Intel shares rose 12% after Trump stated Apple would collaborate with Intel on US chip production
• Apple's stock increased 1.6% amid reports of exploratory talks with Intel and Samsung for US chip manufacturing
• Intel's foundry business faces challenges in matching TSMC's advanced manufacturing capabilities