Monolithic Power Systems Surges 6.5%, Following Apple-Intel US Chip Deal

Monolithic Power Systems (MPWR) shares rose 6.5% on Thursday. The stock joined a broad rally across the U.S. semiconductor sector.

President Trump announced that Apple agreed to partner with Intel for domestic chip design and manufacturing. This move intends to strengthen U.S. semiconductor production.

The deal generated positive sentiment throughout the American semiconductor supply chain. Other industry leaders, including Nvidia, AMD, and Broadcom, also posted significant gains.