Intel shares surged in premarket trading Thursday after President Donald Trump stated that the company would manufacture chips for Apple in the United States.
The announcement marks a significant shift in semiconductor production, with Apple relying on Intel’s foundry services for domestic chip fabrication. Trump made the comments during a public appearance, emphasizing the importance of bringing chip manufacturing back to U.S. soil.
Intel has been expanding its foundry business to compete with global leaders like TSMC. The deal with Apple would represent a major win for these efforts, potentially boosting Intel’s revenue and market position.
Shares of Intel rose sharply on the news, reflecting investor optimism about the partnership. The stock’s rally underscores the market’s belief that Intel can secure high-profile clients for its manufacturing services.
Apple has historically sourced chips from overseas suppliers, primarily in Taiwan. Shifting production to the U.S. aligns with broader national strategies to reduce dependence on foreign semiconductor supply chains.
The exact timeline and volume of chip production under this arrangement remain unclear. Neither Intel nor Apple has officially confirmed the details of the reported agreement.
If realized, the move could strengthen Intel’s foothold in the custom chip market and support U.S. manufacturing goals. It also signals a potential trend of major tech firms diversifying their supply sources.
Analysts view the development as a positive step for Intel’s turnaround strategy under CEO Pat Gelsinger. The company has invested heavily in new fabrication plants to attract external clients.
The broader semiconductor industry is watching closely, as the deal could reshape competitive dynamics in chip production. Intel’s ability to deliver on Apple’s demanding specifications will be a key test.
