Intel Rallies After Trump Says It Struck Apple Chip Deal
President Donald Trump stated that Intel and Apple will partner to design and produce semiconductors within the U.S. Intel shares surged on Thursday following the announcement. Neither Apple nor Intel has publicly confirmed the agreement.
What changed
New details indicate the U.S. government holds a stake in Intel and has invested $9 billion in the company.
Live updates
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Intel Stock Rises Following Trump Claim of Apple Chip Deal
confidence 80%President Donald Trump stated that Intel and Apple will partner to design and produce semiconductors within the U.S. Intel shares surged on Thursday following the announcement. Neither Apple nor Intel has publicly confirmed the agreement.
What's confirmed:
- President Donald Trump said Intel will work with Apple to produce chips in the U.S.
- Intel stock surged on Thursday after the announcement.
Still unconfirmed:
- The U.S. government bought a 10 percent stake in Intel last year.
- Trump led a $9 billion government investment in Intel.
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Intel Shares Surge Following Trump's Apple Partnership Claim
confidence 80%Intel stock rose after President Donald Trump announced the company will partner with Apple to design and produce chips in the U.S. Market reactions varied, with reports of shares jumping between 9% and 12%. Neither Intel nor Apple has confirmed the deal.
What's confirmed:
- President Donald Trump stated that Intel will work with Apple to design and produce semiconductors in the United States.
- Intel shares rose following the announcement.
Still unconfirmed:
- Intel shares surged 11%.
- Intel shares rose 9%.
- Intel shares jumped as much as 12%.
- The U.S. government holds a 10% stake in Intel worth $60 billion.
- Apple shares rose as much as 1.5%.
- Intel stock reached around $133 in early trading.