Intel (INTC) shares surged over 7% in Thursday’s pre‑market trading after President Donald Trump disclosed on Truth Social that Apple will collaborate with Intel to design and manufacture chips within the United States.
Premarket Surge
Intel’s stock reached $129.84 during the pre‑market session, a level that could become a historic benchmark for the California‑based semiconductor giant if it holds throughout regular trading. The price movement reflects heightened investor interest and underscores the broader market’s appetite for domestic chip production.
Trump’s post framed the Apple partnership as part of a national effort to re‑establish semiconductor manufacturing on American soil. He emphasized the need to “design and build our chips right here in America,” positioning the deal as a strategic milestone for the U.S. technology sector.
Collaboration Details
The Wall Street Journal reported in May that Apple and Intel had settled preliminary terms for Intel to produce specific chips destined for Apple devices. Negotiations spanned more than a year, culminating in an agreement that ties Intel’s manufacturing capabilities to Apple’s product roadmap.
Investor and Market Reaction
Intel’s market valuation now exceeds $600 billion, making the U.S. government’s earlier 10% stake—acquired when the company was valued at roughly $100 billion—worth over $60 billion today. This development has attracted attention from traditional investors and crypto‑focused participants alike, as many blockchain and crypto traders monitor semiconductor trends that could influence hardware supply chains. The news reinforces the perception that robust chip infrastructure is essential for the continued growth of blockchain networks and crypto mining operations.