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Intel stock jumps 8% after Trump unveils Apple US chip design partnership

Speaking at the White House, Donald Trump said Apple will partner with Intel on a long-term project to design next-generation chips on US soil. Intel's stock jumped more than 8% on the news, while Apple slipped modestly. Administration officials framed the deal as the centerpiece of a wider push to reshore American semiconductor design.

Technician handling a semiconductor wafer inside a clean room
Technician handling a semiconductor wafer inside a clean roomPhoto: Andrey Matveev / Pexels
CNBC Top News58 d agoINTC AAPL
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Trump unveiled the partnership at a Wednesday event in the East Room of the White House, with Apple chief executive Tim Cook in attendance, saying next-generation processors would be "designed in America by Americans". According to CNBC, the first phase focuses on data-center and AI silicon; volumes and financial terms were not disclosed. Intel shares closed up 8.2%, marking the strongest single session since last March.

The announcement aligns with the administration's drive to reduce strategic exposure to Taiwanese and South Korean fabs. Commerce officials said the intent is to shift some of Apple's design and back-end orders from TSMC to Intel Foundry. Apple declined to detail the scope but confirmed its existing commitments at TSMC's Arizona plant remain on track.

Analysts say specifics are thin but the strategic signal is heavy. Bernstein's Stacy Rasgon called it "a credibility reset for Intel and an unmistakable Washington stamp" on a long struggling US foundry roadmap. Treasury yields barely moved on the news, while the Philadelphia Semiconductor Index closed 1.4% higher.

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Source: CNBC Top News
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This article is an AI-curated summary of the original story published by CNBC Top News. The illustration is a stock photo by Andrey Matveev from Pexels and is not from the original story.

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