President Donald Trump has said Apple will team up with Intel to design and manufacture computer chips in the United States, sending Intel's stock sharply higher.
According to MSN, Intel shares jumped 9% after Trump's remarks, while Bloomberg (via MSN) reported the stock rallied Thursday on news the chipmaker would work with Apple to produce semiconductors domestically. TechStock² noted Intel reached an all-time high, and FXLeaders reported the stock was eyeing $150 on the announcement.
The comments came late Wednesday. According to KGW, Trump said "Apple has agreed to work with" Intel — adding momentum to persistent reports that Intel would manufacture chips for Apple. Digital Trends framed the development as a major win for U.S. manufacturing.
There is an important caveat: the deal has not been independently verified by the companies themselves. According to Gadget Review, neither Apple nor Intel has confirmed Trump's claim of a partnership. For now, the announcement rests on the president's statement rather than a formal corporate disclosure.
If real, the arrangement would be significant. Apple is one of the world's most valuable companies and a marquee chip customer; landing its business would be a major endorsement of Intel's U.S. foundry ambitions at a time when Washington is pushing to bring semiconductor production back onto American soil.
Why it matters: chips power nearly every modern device, and where they are made has become a question of economic and national security — so a tie-up between two American giants, even an unconfirmed one, could reshape the U.S. tech supply chain.