Intel Shares Leap After Trump Says It's Working With Apple to Make Chips in the U.S.

TL;DR

Intel's stock price increased by 10.5% following President Trump's announcement.
The announcement stated Intel will work with Apple to design and manufacture chips in the U.S.
The U.S. government has a 10% stake in Intel, acquired last August, which has raised concerns about conflicts of interest.
Intel's market valuation has reportedly grown significantly since the government acquired its stake.
This collaboration could allow Apple to diversify its chip manufacturing away from Taiwan Semiconductor Manufacturing Company (TSMC).
Apple CEO Tim Cook indicated plans to increase product prices due to rising costs of memory and storage chips.

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