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Barchart
Barchart
Pathikrit Bose

Intel Will Design and Manufacture Chips for Apple. What This Really Means for INTC Stock Investors.

Intel Corporation Apple INTC Donald Trump TSMC

After purchasing a 10% stake in Intel (INTC) last year, the Trump administration announced recently that the company would collaborate with Apple (AAPL) to design and manufacture the latter's chips.

Curiously, despite President Trump's assertions, neither company has come out with a formal press release regarding the development. However, that didn't stop Intel from rallying by 15.83% over the last two trading sessions. Overall, Intel is up 281.95% year-to-date (YTD).

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