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Trump-claimed Apple-Intel chip deal sparks stock jump amid talks

1 min read
Source: Semafor
Trump-claimed Apple-Intel chip deal sparks stock jump amid talks
Photo: Semafor
TL;DR Summary

Trump’s post alleging a months-long Apple-Intel chip deal sparked a roughly 9% jump in Intel stock; Apple and Intel did not comment, and the talks—if realized—could bolster Intel’s challenged foundry business as the government stake in Intel grows in value (to about $67 billion).

Topics:business#apple#foundry#intel#semiconductors#stocks#technology
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  1. Exclusive / Intel, Apple were in talks for months about chip deal claimed by Trump  Semafor
  2. Tim Cook says iPhone prices will rise. Trump says Apple will make US chips with Intel  CNN
  3. Trump Announces Intel-Apple Partnership  WSJ
  4. Apple to Buy Computer Chips From Intel, Trump Says  The New York Times
  5. Intel Shares Soar After Trump Says It Struck Apple Chip Deal  Bloomberg

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