Intel shares were among the strongest performers in the session, while Apple also saw modest gains in premarket trading. Intel shares jumped about 7% on Thursday after President Donald Trump said on Truth Social that the company had reached an agreement with Apple to design and build semiconductors in the United States, CNBC reports. Trump claimed the partnership would help bring chip manufacturing back to the US , saying Apple had agreed to work with Intel on domestic chip design and production. He also criticized past US policy decisions, arguing that earlier administrations allowed semiconductor manufacturing to shift overseas, particularly to Taiwan and other markets. “Apple has agreed to work with Intel to design and build its Chips in America,” Trump wrote in the post, framing the deal as part of a broader push to strengthen domestic technology production. Intel shares were among the strongest performers in the session, while Apple also saw modest gains in premarket trading. The rally adds to Intel’s recent momentum as investors reassess the company’s position in the global chip industry after years of losing ground to rivals in advanced semiconductor manufacturing. Intel has been attempting to rebuild its foundry business under CEO Lip-Bu Tan, who has focused on attracting external customers and investment to expand US -based chip production. The company has also recently drawn interest from major industry players and government initiatives aimed at strengthening domestic semiconductor supply chains. Trump further said his administration had already helped bring in Nvidia and referenced additional large-scale manufacturing plans tied to Intel’s technology ecosystem. Despite geopolitical tensions and supply chain disruptions in other regions, the semiconductor sector has remained a key driver of tech-market gains, supported by strong demand linked to artificial intelligence infrastructure. Intel’s market capitalization has surged significantly over the past year as investors bet on a turnaround, even as competition in advanced chip design and manufacturing remains intense. Working as Copy Editor at the Business Desk of Times Now Digital. Dedicated towards crafting interesting financial stories. Previously covered financi... View More