Intel jumps after Trump says Apple will work with it on U.S. chip production

Intel shares moved higher in premarket trading on Thursday after President Donald Trump said the company would work with Apple on chip production in the United States. Reports from multiple outlets described the comments as a fresh catalyst for the chipmaker, which has been trying to recover from a period of sustained pressure and operational challenges.

According to the reports, Trump said Intel would build chips for Apple in the U.S., while another account of the remarks said Apple had agreed to work with Intel on chip design for U.S. production. A separate report characterized the arrangement as Apple working with Intel to manufacture chips in the country. The exact structure of the potential relationship was not detailed in the source material, but the comments were enough to lift Intel’s stock before the opening bell.

CNBC reported that Intel rose 9% after the comments, underscoring the scale of the market reaction. MarketWatch also said the shares jumped in premarket trade. The move added to what CNBC described as Intel’s recent rally, suggesting that investors have been reassessing the company’s outlook after years in which the stock had faced significant headwinds.

The reports did not include a formal announcement from Intel or Apple, and the source material did not indicate whether the companies had issued public confirmation of the arrangement described by Trump. Still, the market appeared to treat the remarks as meaningful because they tied two major names in U.S. technology manufacturing together at a time when supply chain resilience and domestic production remain key themes in the sector.

Intel has spent years dealing with competitive and operational pressure, and the latest share move points to how sensitive the stock can be to any sign of improved business momentum. The reports framed the development as part of Intel’s broader rebound, rather than as an isolated move, with the company continuing to draw attention as investors look for evidence that its turnaround efforts are gaining traction.

For the wider market, the comments were notable because they connected the U.S. chip industry with domestic manufacturing and design activity involving Apple, one of the most closely watched companies in the sector. Even without additional detail in the reports, the prospect of Intel playing a role in Apple-related chip work in the United States was enough to sharpen focus on the semiconductor group and drive trading interest in Intel shares before the opening of the session.