Onto Innovation Inc. shares rise 2.89% premarket after Apple's $600 billion U.S. investment commitment.

Onto Innovation Inc. rose 2.89% in premarket trading. The company's stock price increase may be attributed to Apple's announcement of a deeper collaboration with GlobalFoundries, which will advance semiconductor technologies and strengthen U.S. manufacturing. This partnership will enable GF to accelerate investments at its state-of-the-art semiconductor manufacturing facility in Malta, New York, underscoring a shared commitment to strengthen U.S.-based innovation and production of power-efficient, AI-enabling technologies that are essential to the future of mobile computing and intelligent devices.