Intel's shares surged after President Trump said two of the biggest names in technology, Apple and Nvidia, would turn to the chipmaker for U.S.-based manufacturing.
According to Windows Report, Intel shares jumped nearly 10% after Trump claimed that Apple and Nvidia will work with Intel on projects to produce chips made in the United States.
Tech Times framed the development as a confirmed deal, reporting that Apple and Intel will build chips in the U.S. and that Intel's stock climbed 10.5% on the news.
The reports center on statements from Trump rather than formal announcements from the companies themselves, and the source items here do not spell out the size, timing, or terms of any agreement. What is clear is how investors reacted: a near-double-digit jump in Intel's share price in a single move, a notable swing for a company whose manufacturing business has faced intense scrutiny.
For readers, the significance lies in who is involved. Apple and Nvidia are among the most valuable and influential chip customers in the world, and both have long relied heavily on overseas production. Any shift toward having their chips made in the United States, alongside Intel, would mark a meaningful change in where critical technology gets built.
Why it matters: if these high-profile customers commit to U.S.-made chips with Intel, it could reshape both Intel's fortunes and the broader push to bring semiconductor manufacturing back to American soil.