Intel's Next Move Could Be Bigger Than Today's Pop - Apple (NASDAQ:AAPL), Intel (NASDAQ:INTC)

Intel’s stock is rallying as the chip industry pivots toward domestic foundry capacity, with Apple signaling confidence in Intel’s process. The premarket jump comes as Apple weighs a second source beyond Taiwan’s TSMC, a move seen as insurance for supply chains. The broader context is a U.S. subsidy push under the CHIPS Act, with grants totaling about $8.5 billion and loans potentially reaching $11 billion for domestic fab expansion. Trump’s comments framed Intel as a tool to bring chip production home, reinforcing the strategic shift. Analysts describe Intel as a central component of increasing domestic semiconductor manufacturing, even as Apple remains a key, though not exclusive, customer in a diversified supply chain.