Intel Shares Surge 9% After Trump Says It Struck Apple Chip Deal

Intel shares surged more than 9% in premarket trading Thursday after US President Donald Trump said the chipmaker has struck a deal with Apple Inc. to design and produce semiconductors domestically.

The announcement, made during a White House event, marks a significant strategic win for Intel as it seeks to revitalize its foundry business and compete with Taiwan Semiconductor Manufacturing Co. (TSMC). Under the reported agreement, Intel will manufacture custom chips for Apple at its US fabrication plants, potentially reducing Apple's reliance on overseas supply chains. The deal also aligns with the Biden and Trump administrations' broader push to boost domestic chip production under the CHIPS Act.

For equity traders, the news underscores the growing value of US-based semiconductor manufacturing capacity. Intel's stock has been under pressure in recent years due to market share losses and manufacturing delays, but this deal could signal a turnaround. Investors can track Intel's real-time price movements on NowPrice's live stocks dashboard to gauge market reaction. The partnership also highlights the strategic importance of Apple as a customer, given its massive chip demand for iPhones, Macs, and other devices.

Looking ahead, traders will watch for further details on the financial terms of the deal and its impact on Intel's earnings. The company is scheduled to report its next quarterly results in July, and analysts will be keen to see if this agreement boosts its foundry revenue. Additionally, any updates on Apple's chip roadmap or potential expansion of the partnership could provide further catalysts for Intel shares.