US President Donald Trump said Apple Inc. (AAPL.US) agreed to partner with Intel Corporation (INTC.US) to design and manufacture chips in the US.

At the moment, Apple relies heavily on Taiwan Semiconductor Manufacturing Company Ltd. (TSM.US), whose advanced production lines must also meet demand from NVIDIA Corporation (NVDA.US) and Advanced Micro Devices, Inc. (AMD.US).

The US government acquired a 10% stake in Intel last year and announced plans to invest approximately USD10 billion in the company to build or expand factories in the US.

The White House has been strengthening safeguards for critical minerals and semiconductor supply chains to reduce reliance on China.
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AASTOCKS Financial News
Website: www.aastocks.com

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