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Trump said Apple agreed to work with Intel on chip design and production, extending Intel's string of high-profile foundry wins
FEATURE Tech stocks were rebounding on Thursday after President Donald Trump signed a memorandum of understanding to end the Iran war. Futures tracking the rose 0.8%, putting the tech-heavy index on track to claw back some of its losses from the previous session.
(Bloomberg) -- The artificial-intelligence race is becoming so expensive that it’s snuffing out one of the key forces that has helped keep Big Tech stocks soaring for years: steady share buybacks.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingTrump Blows Through His Iran Red Lines in Justifying Peace DealIran’s Deputy Foreign Minister Confirms Deal Reached With USApple Plans Camera AirPods Alongside Upgrad
The top ten US technology stocks now account for nearly 40% of the S&P 500's total market capitalisation, marking the highest concentration since the late 1990s tech bubble and well above the 25% recorded during the dotcom crash itself. That figure underscores how completely artificial...
Investing.com -- Shares of U.S. semiconductor companies climbed in premarket trading Thursday after President Trump said Apple has agreed to work with Intel to design and manufacture its chips domestically.
Volkswagen (ETR:VOW3) used its 66th annual general meeting to outline a difficult but active 2025 fiscal year, with executives pointing to product launches, electric-vehicle momentum and restructuring progress while warning that tariffs, competition and geopolitical pressures continue to weigh on pr
(Corrects days of the week throughout the text) June 18 (Reuters) - U.S. stock index futures rebounded on Thursday after the previous session's selloff as optimism about a Middle East peace deal
↗️ Intel (INTC): Shares in the tech giant surged premarket after President Trump said Apple agreed to work with it to design and build chips in the U.S. ↗️ Apple (AAPL): The iPhone maker plans to raise prices on its products to offset surging memory and storage-chip costs, CEO Tim Cook told the Journal.
Intel stock was gaining after President Donald Trump said the company has signed up a major chip-manufacturing client.
(Bloomberg) -- Intel Corp.’s stock surged more than 9% in premarket trading Thursday after US President Donald Trump said the chipmaker will work alongside Apple Inc. to design and produce semiconductors domestically.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingTrump Blows Through His Iran Red Lines in Justifying Peace DealIran’s Deputy Foreign Minister Confirms Deal Reached With USApple Plans Camera Air
Shares in Intel are up nearly 10% in premarket trading after President Trump said Apple agreed to work with the tech giant to design and build chips in the U.S. Apple and Intel previously reached a preliminary agreement for Intel to manufacture some chips for Apple devices after more than a year of intense talks, The Wall Street Journal reported in May.
Shares rose over 7% premarket after the president said that Apple agreed to work with Intel to design and build chips in the U.S.
Apple has warned it will have to raise prices because of soaring costs caused by the AI boom.
Stocktwits data showed retail sentiment has improved to ‘bullish’ on SPY and QQQ from ‘bearish’ earlier in the week.
President Donald Trump said Apple agreed to work with Intel to design and build chips in the U.S., marking a huge win for the government-backed chipmaker.
Tim Cook says Apple can no longer absorb soaring memory-chip costs driven by the artificial intelligence boom, signalling higher prices for consumers and raising concerns about broader inflation across the technology sector.View on euronews
President Donald Trump said in a Truth Social post on Thursday that Apple had agreed to work with Intel to design and build its chips in the United States. Intel had reached a preliminary deal to make some chips for Apple, following discussions that went on for more than a year, the Wall Street Journal reported in May.
U.S. President Donald Trump said in a Truth Social post on Thursday that Apple has agreed to work with Intel to design and manufacture its chips in the United States. A partnership with Intel helps Apple diversify its manufacturing base as it seeks additional chip capacity. The iPhone maker relies heavily on TSMC, whose advanced production lines are in high demand from AI chipmakers such as Nvidia and AMD.
<body><p>STORY: Apple plans to raise prices for its products as a shortage of memory chips bites.</p><p>That’s according to Chief Executive Tim Cook in an interview with the Wall Street Journal published Wednesday.</p><p>A surge in AI-driven demand has left consumer electronics companies battling to secure supplies of key components, with chip prices soaring as a result.</p><p>Cook says Apple has done its best to avoid passing on the rising costs to consumers.</p><p>But he told the Journal that price hikes were now unavoidable.</p><p>He didn’t say exactly when the increases would come, or how big they would be.</p><p>Cook identified memory chips as a key issue, saying suppliers were passing on “huge” price increases.</p><p>He said Apple was ready to invest in steps to boost supply, but wouldn’t build its own memory chip factories.</p><p>Cook is due to hand over the reins to John Ternus in September.</p><p>The change in leadership will come as Apple launches key products.</p><p>It’s widely expected to debut its first folding handset that month, alongside new versions of the regular iPhone.</p></body>
Berkshire Hathaway is very important — for both its sheer size and its symbolic position in American business. It is worth over a trillion dollars...
CEO Tim Cook said in a recent interview that the situation is "unsustainable."
Apple is reportedly working on AI-enabled AirPods with integrated cameras aimed for a 2027 release. The company is also said to be developing a second-generation foldable iPhone on a similar timeline. These products would mark a shift toward AI wearables and foldable devices beyond regular hardware refresh cycles. For investors tracking Apple, NasdaqGS:AAPL, the focus is often on how new product categories can complement existing revenue drivers. The stock is currently trading at $295.95,...
Apple CEO Tim Cook warns that skyrocketing memory chip costs have made consumer price increases "unavoidable."
Qualcomm (QCOM) helped define the smartphone era. Now the chip giant is striving to prove it can play a far bigger role in the artificial intelligence boom. That may take a lot. Qualcomm is in talks to buy AI chip firm Tenstorrent in a transaction valued at $8 billion to $10 billion, according to ...