Intel shares surged in premarket trading after President Donald Trump announced that Apple had agreed to work with the chipmaker on designing and manufacturing semiconductors in the United States.
The stock traded near $131.89 before the opening bell, up about 8.9% from its previous close of $121.10. At one stage, the gain approached 10% as investors reacted to the prospect of a major new customer for Intel’s manufacturing business.
Trump disclosed the agreement through a Truth Social post, saying Apple would cooperate with Intel on domestic chip design and production. Neither company had released full commercial details at the time of the announcement.
Reports in May indicated that Apple and Intel had reached a preliminary manufacturing agreement after more than a year of discussions. The latest statement places that arrangement within Washington’s wider effort to increase semiconductor production inside the United States.
Apple currently relies heavily on Taiwan Semiconductor Manufacturing Company for its advanced processors. Working with Intel could give the company another manufacturing source as demand from artificial intelligence companies places pressure on leading-edge production capacity.
For Intel, the agreement could become one of the most important external contracts secured by its foundry division. The company has invested heavily in factories and advanced manufacturing processes while attempting to compete more directly with TSMC.
Intel’s advance supported a wider rise across the chip sector. Semiconductor shares gained as traders assessed whether the Apple announcement could lead to additional investment in American wafer fabrication, packaging, and advanced process technology.
Notably, the U.S. government holds a stake in Intel following an earlier agreement that converted federal support into company shares. The administration has also promoted partnerships involving Intel, Nvidia, and other technology businesses as part of its domestic manufacturing strategy.
The market reaction reflects expectations that federal policy may keep supporting local chip production. However, Apple and Intel have not disclosed which processors will be produced, when manufacturing will begin, or how much capacity the arrangement will require.
The announcement has also drawn attention from the cryptocurrency mining sector, which depends on specialized application-specific integrated circuit machines.
If a larger share of U.S. semiconductor capacity moves toward consumer devices, artificial intelligence systems, or defense equipment, fewer manufacturing resources could be available for other categories. That could affect delivery schedules or costs for mining hardware if foundries face tight capacity.
(adsbygoogle = window.adsbygoogle || []).push({});Even so, Intel’s Apple agreement does not directly confirm a shortage of Bitcoin mining equipment. Most leading mining machines use chips manufactured through specialized supply chains, and the final impact would depend on production nodes, factory allocation, and demand from other customers.
Intel’s capacity plans may therefore serve as one indicator for mining hardware markets rather than proof of an immediate supply change. For now, the confirmed development is the stock reaction.
