00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Intel's stock jumped 9% in pre-market trading Thursday after President Trump announced.
00:07Apple agreed to partner with Intel to design and build chips in the U.S., according to CNBC.
00:13Trump said on Truth Social that past presidents allowed other countries to take U.S. semiconductor
00:17factories, and that Apple has agreed to work with Intel to design and build chips in America.
00:23Intel's stock has surged 464% in the past 12 months, reaching a market cap of $608.7
00:30billion after years of struggle and loss of market dominance.
00:34CNBC reached out to Intel, Apple, the White House, and the Taipei Representative Office
00:40in the U.K. for comment.
00:41Intel largely missed the AI race due to manufacturing delays.
00:45CEO Lip Bhutan has revived Wall Street interests since taking over last year by attracting investments
00:51from NVIDIA and the Trump administration.
00:52For all things money, visit Benzinga.com.
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