- Intel’s stock skyrocketed as Donald Trump announced a partnership with Apple.
- The asset has surged 464% in the past 12 months amid an ongoing rebound.
- President Donald Trump said America needs to design and build its Chips locally.
Intel’s stock rose 11% on Thursday following a bullish statement by US President Donald Trump. In his latest post on Truth Social, Trump said the leading semiconductor company has agreed to a deal with Apple to design and build chips in the US.
Trump Said He is Helping Intel
Trump said in his statement that he decided to help Intel because America needs to design and build its chips locally. He noted that his administration had helped bring in Nvidia, which agreed to build its first-level chips with Intel, and Elon Musk, who also agreed to build TerraFab, the largest chip factory in the world, by partnering with Intel’s technology team.
Trump also stated that Apple has agreed to work with Intel to design and build its chips in America, describing the development as part of a broader effort to strengthen domestic semiconductor manufacturing.
Intel’s Ongoing Rebound
The President accused previous leaders of neglecting the US semiconductor sector, saying they allowed Taiwan and others to “steal” the country’s Semiconductor Factories.” Intel’s stock responded almost immediately, adding to its latest recoveries after years of struggling.
It is worth noting that Intel’s stock relinquished its dominant market position from previous years, but has experienced a notable recovery over the past year. The asset has surged 464% in the past 12 months, with the company’s market cap hitting $608.7 billion.
The recovery has coincided with efforts by CEO Lip-Bu Tan, who took over last year and has helped renew investor interest through initiatives involving Nvidia and support from the Trump administration.
The announcement also comes amid strong investor demand for AI and semiconductor-related stocks. While disruptions linked to the Middle East conflict have weighed on parts of the broader market, technology and AI infrastructure companies have remained among the strongest-performing sectors.
Nasdaq’s PHLX Semiconductor Sector Index, comprising the 30 largest U.S.-traded chip companies, is up 90% so far this year.
Related: Nvidia Remains Finance Reddit’s Most Discussed Asset as BTC Ranks #7
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