By Steve Goldstein and Hannah Pedone
Intel 'is steadily expanding its domestic capacity and converting political and strategic tailwinds into concrete foundry wins,' an analyst says
Intel CEO Lip-Bu Tan said he's been happy with the U.S. government as an investor.
Intel shares jumped on Thursday as President Donald Trump said that the company will produce chips for Apple in the U.S.
The comment from Trump, in a Truth Social post extolling the government's move last year to take a 10% stake in Intel, comes after the Wall Street Journal last month reported that Intel (INTC) would make some chips for Apple. The prospect of an Apple deal has been a catalyst for Intel shares even before Thursday, when they shot about 11% higher
