🟢 Intel Corporation is trading 7.6% up today on reports of a major Apple chip partnership for U.S. manufacturing

Intel Corporation is trading 7.6% up at $130.26 in pre-market, extending a sharp rebound following headlines regarding a strategic partnership with Apple.

• Apple reportedly plans to partner with Intel to design and produce chips within the U.S., a move intended to reduce reliance on foreign suppliers and reshore semiconductor manufacturing.
• The deal is viewed as a major long-term win for Intel’s production volume and industry credibility, drawing significant early investor interest.
• The potential agreement aligns with broader efforts to secure domestic supply chains, providing a bullish catalyst for Intel's foundry business.