Trump says Apple to partner with Intel on US chip design, production (opens original article in a new tab)

U.S. President Trump said Apple has agreed to work with Intel on designing and manufacturing chips in the U.S., which could help Apple diversify its manufacturing base. Intel's shares rose after the announcement, and the companies have been discussing a deal for over a year.

• Trump claimed Apple will partner with Intel on US chip design and production
• Intel's shares rose 6.5% in premarket trading
• Intel reached a preliminary deal to make some chips for Apple after over a year of discussions