Trump: Apple Just Struck a Chip Deal With Intel - And Wall Street Is Buzzing

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Trump: Apple Just Struck a Chip Deal With Intel – And Wall Street Is Buzzing

The announcement sent Intel shares soaring nearly 6% overnight, reigniting hopes for a US chipmaking comeback.

President Trump announced Thursday that Apple has agreed to design and manufacture chips with Intel in the United States, a deal that’s been rumored for weeks and finally confirmed in a Truth Social post.

What happened

Trump said Apple will work with Intel on chip design and production on US soil. He didn’t specify which components are involved, though Bloomberg previously reported Apple was weighing Intel and Samsung’s American foundries for some of its main processors. Apple and Intel haven’t commented yet.

Market reaction

Intel stock jumped about 6.5% in premarket trading, adding to a gain that’s already roughly tripled the stock’s value this year. Apple shares rose a more modest 0.6%.

Why it matters

Apple has leaned heavily on Taiwan’s TSMC for chip production, but TSMC’s advanced lines are stretched thin by AI giants like Nvidia and AMD. Bringing Intel into the mix gives Apple a backup source and hands Intel a marquee customer, something the company badly needs after a rough few years. Trump also claimed credit for brokering similar arrangements with Nvidia and Elon Musk’s planned TeraFab, framing it as part of a broader push to rebuild US chip manufacturing. The US government holds a 10% stake in Intel, taken last year, now reportedly worth well over $50 billion.

What to watch next

Traders will be watching for official confirmation from Apple and Intel, plus details on production timelines and which chips are actually involved.

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