Intel Stock Surges After Trump Says Apple Will Use It for US Chips
Intel shares jumped ~9% in premarket after Trump announced Apple agreed to work with Intel on American chip production.
Intel got a massive premarket boost on Thursday. Shares surged roughly 9% after President Donald Trump declared that Apple has agreed to work with Intel to design and build chips in the United States.
The key word here: Trump said it. The announcement came directly from the president, framing the collaboration as part of a broader push to bring semiconductor manufacturing back to American soil.
No details yet on scope, timeline, or what "work with" actually means in practice. Apple hasn't independently confirmed the arrangement. But the market clearly liked what it heard — investors piled into Intel stock before the opening bell.
For Intel, which has been aggressively repositioning itself as a foundry player, landing any form of Apple partnership would be a monumental signal. For now, though, all we have is a presidential statement and a stock price that moved fast on it.