President Donald Trump shakes hands with Apple CEO Tim Cook after announcing an additional $100 billion Apple investment in the U.S., which now will total over $600 billion over the next four years, in the Oval Office of the White House in Washington, D.C., on Aug. 6. File Photo by Bonnie Cash/UPI | License Photo
June 18 (UPI) -- President Donald Trump said Thursday that Apple is partnering with Intel to design computer chips that will be manufactured in the United States.
The U.S. government took a 10% stake in Intel last year, investing $8.9 billion in its stock as it sought to boost its manufacturing capabilities in the United States.
"I decided to help Intel because we need to design and build our Chips right here in America," Trump posted on social media.
Premarket trading of Intel stock jumped by more than 9% on Thursday.
