Key Takeaways Shares of Intel climbed approximately 7–8% Thursday following President Trump’s Truth Social announcement that Apple committed to collaborating with Intel on domestic chip produ
Shares of Intel (INTC) experienced a significant rally of approximately 7–8% Thursday morning following President Donald Trump’s Truth Social announcement that Apple had committed to collaborating with Intel on designing and producing semiconductors domestically.
In his Truth Social message, Trump stated plainly: “Apple has agreed to work with Intel to design and build its Chips in America.” The president positioned the announcement as an element of his administration’s broader initiative to reshore semiconductor production.
Intel shares were trading approximately $8.86 higher, reaching around $129.96 during early Thursday sessions. Apple shares experienced a modest uptick of roughly 1.3% in premarket activity.
Trump’s statement also mentioned Nvidia along with Elon Musk’s Terafab initiative, highlighting multiple domestic semiconductor commitments he attributed to his administration’s efforts.
“I decided to help Intel because we need to design and build our Chips right here in America,” the president stated in his post.
The Terafab initiative, which Trump characterized as “the largest Chip Factory in the World,” represents what would be Intel’s foundry division’s first substantial external customer, having historically manufactured semiconductors exclusively for internal use.
At press time, neither Intel nor Apple had released official statements verifying the partnership. According to CNBC, outreach to both corporations and the White House seeking clarification was underway.
Analysts at Wedbush Securities characterized a confirmed partnership as a substantial victory for Intel’s transformation efforts under CEO Lip-Bu Tan, describing it as authentic validation of the company’s foundry strategy. Securing Apple alongside Nvidia and government-supported initiatives would significantly enhance Intel’s credibility as a third-party chip manufacturer.
However, Wedbush emphasized that specifics remain sparse. Trump’s remarks suggest an early-stage understanding that lacks complete definition.
The firm’s analysts also predict that any Apple semiconductor production through Intel would involve older-generation or budget-tier chips — not the cutting-edge application processors powering iPhones and Mac computers. Those premium chips are anticipated to remain with TSMC.
Wedbush continues its Outperform recommendation on Apple stock with a $400 price objective. Apple shares were recently trading near $299.
Tan assumed the chief executive position in early 2024 and has been working to restore market confidence following years of production challenges and competitive losses.
Intel struggled to capitalize on the initial artificial intelligence boom. However, a series of prominent partnerships — including Nvidia’s commitment to utilize Intel’s manufacturing services — has transformed market sentiment.
The stock has appreciated 464% during the past year, propelling Intel’s market capitalization to $608.7 billion.
The semiconductor industry overall has experienced robust gains. The PHLX Semiconductor Sector Index, representing the 30 largest publicly-traded U.S. chip companies, has advanced 90% year-to-date.
Wedbush analysts observed that the Apple collaboration, should it materialize fully, would enable Apple to diversify its supply chain and decrease dependence on TSMC amid escalating semiconductor demand.
Trump indicated in his post that the Apple-Intel arrangement followed his administration’s work securing Nvidia’s participation. “First, we helped bring in Nvidia, and they agreed to build their first level Chips with Intel,” he wrote.
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