Intel rallies to record after Trump touts Apple chip deal (opens original article in a new tab)

Intel's stock rose to a record after Trump mentioned Apple's potential collaboration on domestic chip production, as Intel seeks to expand its chip foundry business with new clients.

• Intel's stock surged 13% to a record after Trump mentioned Apple's potential partnership
• Intel is seeking external clients for its chip foundry business
• Intel hired Seok-Hee Lee as executive vice-president for its foundry operation
• Apple has explored using Intel and Samsung for U.S. chip production