On Friday, Intel Corporation’s share price rose over 10% after the White House said Intel would make advanced computer chips for Apple. The agreement is about building high-quality processors in the United States, which many experts say is an important step for American technology. Investors were happy, and Intel’s company value increased quickly after the news.

This happened because Apple decided to use Intel factories in the US to make special chips for its future iPhones and Mac computers. Before, Apple mostly used a company in Taiwan called TSMC, but now Apple wants to get its chips from different places to avoid supply problems.

The main result is that Intel will get more business and prove its new plan to manufacture chips for other companies. The partnership will also help Apple have a more reliable source for its important devices.