Nasdaq Climbs 217 Points as Intel-Apple Chip Deal and Iran Peace Accord Revive Tech Rally

Intel Shares Bounce Premarket After Trump Announces Apple Partnership

Trump said in a social media post that "Stupid Presidents took our Economy for granted, and let Taiwan and others steal our Semiconductor Factories," claiming that they "forgot to protect our Industries with TARIFFS."

The move will help Apple diversify its manufacturing base.

The iPhone maker currently relies heavily on TSMC, whose advanced production lines are in high demand from leading AI chipmakers such as Nvidia and AMD.