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Intel's up over 10% as Trump touts a new deal to produce chips in the U.S. with Apple.
A number of stocks jumped in the afternoon session after President Trump announced Apple had agreed to design and manufacture chips with Intel in the United States, a foundry validation the market had been waiting on for over a year.
Shares of wireless chipmaker Qualcomm (NASDAQ:QCOM) jumped 3.4% in the afternoon session after President Trump announced Apple had agreed to design and manufacture chips with Intel in the United States, a foundry validation the market had been waiting on for over a year.
A number of stocks jumped in the afternoon session after President Trump announced Apple had agreed to design and manufacture chips with Intel in the United States, a foundry validation the market had been waiting on for over a year.
A number of stocks jumped in the afternoon session after President Trump announced Apple had agreed to design and manufacture chips with Intel in the United States, a foundry validation the market had been waiting on for over a year.
A number of stocks jumped in the afternoon session after President Trump announced Apple had agreed to design and manufacture chips with Intel in the United States, a foundry validation the market had been waiting on for over a year.
A number of stocks jumped in the afternoon session after President Trump announced Apple had agreed to design and manufacture chips with Intel in the United States, a foundry validation the market had been waiting on for over a year.
<body><p>STORY: ::Intel</p><p>::Archive</p><p>Shares of Intel rose as much as nearly 12% on Thursday, after U.S. President Donald Trump said the company would partner with Apple on chip design and production...</p><p>:: Intel</p><p>in what would be a major boost for Intel's efforts to turn around its business. </p><p>A contract with Apple would lock in steady demand from the iPhone maker, boosting Intel's reputation and sales as it looks to close the gap with rival TSMC, the world's biggest contract chipmaker.</p><p>::Archive</p><p>::AMD</p><p>For Apple, the deal would help diversify its manufacturing base and add chip capacity at a time when TSMC, its key partner, has been stretched thin by surging demand from AI chip-making clients such as Nvidia and AMD.</p><p>Trump's social media post about the agreement did not specify which chips Intel would make for Apple.</p><p>The president said it was his latest effort to help Intel, in which the U.S. government has a 10% stake.</p><p>::Archive</p><p>The Trump administration has been stepping up efforts to secure U.S. supply chains for semiconductors and critical minerals, including taking equity stakes in companies to reduce reliance on China.</p><p>Apple and Intel did not immediately respond to Reuters requests for comment.</p></body>
Wedbush Sees Major Intel Opportunity as Apple Reshapes Its Chip Strategy
Intel shares rose after Trump said Apple agreed to work with the chipmaker on US-designed and built chips.
A social media post from President Trump sent chip stocks soaring. The Direxion Daily Semiconductor Bull 3X ETF led the charge, as expected.
Apple's (AAPL) chip production deal with Intel (INTC) represents a big opportunity for the semicondu
Intel is trying to rebuild its chipmaking edge, while Qualcomm is leaning on profits, cash flow, and expansion beyond mobile. Investors comparing the two stocks have to decide which chip strategy offers the clearer path to returns in 2026.
A report suggests the semiconductor specialist has inked an important deal.
President Trump just gave Intel, Apple, and Sandisk investors some very good news.
(Updates with index/price moves and political/company news from the first paragraph.) US equity i
Apple's (AAPL) reported deal with Intel (INTC) to design and build chips in the US could strengthen
Intel will build chips for Apple, President Trump wrote in a Truth Social post.
In a social media post, President Trump touted the U.S. government's 10% stake in Intel, noting that it is now worth $60 billion.
Intel Corp (NASDAQ:INTC, XETRA:INL) shares jumped about 8% in early trade on Thursday after US President Donald Trump said Apple Inc (NASDAQ:AAPL, XETRA:APC) had agreed to work with the company to design and manufacture chips in the United States. In a post on Truth Social, Trump wrote that...
The giant chipmaker is entering a $200 billion market that it has never competed in before.
Intel stock jumped after U.S. President Donald Trump said Apple has reached a chip manufacturing deal with Intel.
Shares of the U.S. chipmaker were climbing early Thursday after President Donald Trump overnight on Truth Social said Apple "has agreed to work with Intel to design and build its Chips in America."