Intel shares jumped in premarket trading after President Donald Trump claimed the chipmaker secured a deal with Apple to design and build its chips in the U.S. Trump also stated Elon Musk's TerraFab would build its factory with Intel technology.
2 storiesAI & TechnologyNVIDIA (GPU dominance, earnings, H100/H200/Blackwell)Intel (foundry turnaround)Apple Intelligence
Intel Stock Surges on Trump's Claim of New US Chip Design Deal
IN SHORT
Intel shares jumped in premarket trading after President Donald Trump claimed the chipmaker secured a deal with Apple to design and build its chips in the U.S. Trump also stated Elon Musk's TerraFab would build its factory with Intel technology.
Frequently asked questions
President Donald Trump announced that Apple has agreed to work with Intel to design and build its chips in America.
Intel's stock surged in premarket trading, climbing as much as 9% and set to open significantly higher than its previous closing price.
Trump stated that Elon Musk agreed to build his TerraFab, described as the largest chip factory in the world, using Intel's technology.
Yes, the U.S. government agreed to invest $8.9 billion in Intel last August to support American technology and manufacturing.
What Happens Next
01Apple and Intel are expected to provide official comments on the reported deal.
02Further details on the scope and timeline of the chip design and manufacturing agreements are anticipated.