If chip stock Intel (INTC) needed anything right now, a powerful friend is probably not very far down the list. And that is just what it got,

Vice President JD Vance’s pledge at a Paris summit to ensure powerful artificial-intelligence chips are designed and made in the U.S. lifted shares of Intel, the beleaguered American chip giant that is expanding its domestic manufacturing.

Key Takeaways Intel shares soared Tuesday after Vice President JD Vance said the Trump administration will take steps to ensure AI chips are designed and manufactured domestically.The administration's efforts could benefit Intel's struggling foundry division,