Shares of US chipmaker Intel rose about seven percent after former US President Donald Trump said the company would partner with Apple on chip design in the United States.
The announcement lifted investor sentiment around Intel, which has been seeking to revive its position in the semiconductor industry amid growing competition from global rivals and increasing demand for advanced chips.
Trump said the partnership would support efforts to strengthen US semiconductor capabilities and expand domestic involvement in the design and production of critical technology.
The move comes as the chip industry has become a strategic priority for governments worldwide, with countries seeking to secure supply chains and reduce dependence on overseas manufacturing.
Intel has been investing billions of dollars to expand its semiconductor manufacturing operations and position itself as a major US-based alternative in an industry dominated by companies such as NVIDIA and Taiwan Semiconductor Manufacturing Company.
More Read
Apple designs many of its own processors for products including iPhones and Mac computers, but relies on external manufacturing partners for chip production.
Investors welcomed the prospect of closer cooperation between the two US technology giants, viewing it as a potential boost for Intel’s turnaround strategy.
The rally in Intel shares also came as semiconductor stocks broadly recovered after recent pressure on technology companies linked to concerns over interest rates and market valuations.
More Read
Analysts said the reported partnership could strengthen Intel’s role in the US chip ecosystem, particularly as demand grows for artificial intelligence and high-performance computing technologies.
However, details of the potential agreement, including the scope, timing and financial impact, remain unclear.
The semiconductor industry has become a key focus of US economic and national security policy, with Washington pushing to expand domestic chip production following supply chain disruptions in recent years.
Intel’s latest stock gains reflect investor optimism that government backing and partnerships with major technology companies could help accelerate the company’s recovery and strengthen the United States’ position in the global semiconductor race.
