Intel Surges 9% as Trump Announces U.S. Chip Partnership
On June 19 local time, U.S. President Donald Trump posted on his social media platform Truth Social that Apple has agreed to collaborate with Intel to design and manufacture chips in the United States. This news quickly boosted market sentiment, pushing Intel’s stock price up by nearly 10% during pre-market trading at one point. In his post, Trump stated that while the U.S. had previously handed over semiconductor manufacturing capabilities to regions such as Taiwan, Apple would now join hands with Intel to advance the reshoring of chip design and manufacturing to America. He further emphasized that one of the main reasons he supports Intel is his hope that critical chips can be developed and produced domestically within the United States. Affected by this news, Intel’s share price rose approximately 8.8% to 10% during pre-market trading, while Apple’s shares saw a modest increase of about 0.3%. The market widely views this as the latest signal of efforts to promote the return of advanced manufacturing to the U.S. and strengthen its domestic semiconductor supply chain. Over recent years, Intel has undergone an extended period of business restructuring, facing significant pressure from competitors in the field of leading-edge process technologies and AI chips. However, since CEO Lip-Bu Tan took charge of the company, investors have renewed expectations regarding the development prospects of Intel Foundry Services. Investors are particularly focused on whether it can attract more external customers, thereby increasing the scale and profitability of its foundry operations. Trump also mentioned in his post that NVIDIA has agreed to utilize Intel Foundry Services to produce certain chips, and added that the TeraFab project involving Elon Musk will cooperate with Intel. To date, however, these claims have not been officially confirmed by the relevant companies. Notably, neither Apple nor Intel, nor the White House, has released specific details regarding their cooperation, including which products, process nodes, or investment scales are involved. Media outlets have sought responses from Apple, Intel, and related agencies. Driven by the global boom in AI infrastructure construction, the semiconductor sector has performed strongly overall this year. Despite ongoing geopolitical tensions in the Middle East affecting global supply chains and driving up energy prices, investments related to artificial intelligence continue to grow steadily. Market analysts believe that if Apple ultimately confirms deep collaboration with Intel, it will serve as a major milestone in the development of Intel Foundry Services and further reinforce the strategy of strengthening domestic semiconductor manufacturing in the United States.
