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Apple, Intel Have Reached Preliminary Chip-Making Agreement - WSJ
Overview
Apple and Intel have reached a preliminary agreement for Intel to manufacture some chips used in Apple devices, a deal reportedly encouraged by the Trump administration. A recent report tied that partnership news to a 14% jump in Intel shares, amplifying investor optimism about Intel’s expanding foundry ambitions. The possible supply relationship gives Apple an alternative supplier and could materially boost Intel’s manufacturing revenue if finalized.
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ORGTrump administrationORGAppleORGThe Wall Street JournalORGIntelUnited States
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