Intel Shares Jump as Apple and Nvidia Reportedly Turn to U.S. Manufacturing

Intel shares surged in premarket trading after President Donald Trump claimed that both Apple and Nvidia had agreed to work with Intel on chip manufacturing projects in the United States.

According to CNBC, Intel stock rose nearly 10% in premarket trading following Trump’s comments. Apple shares also moved higher, gaining around 0.3% before the opening bell as investors reacted to the announcement.

Trump said Apple has agreed to work with Intel to design and manufacture chips in the United States, a move that could represent a significant milestone for Intel’s foundry business. He also claimed that Nvidia plans to produce its “first level chips” with Intel, potentially giving the company two of the technology industry’s most valuable customers.

The remarks come at a time when Intel has been working to transform itself into a major contract chip manufacturer capable of competing with global foundry leaders. For years, the company struggled after losing its dominance in the semiconductor market and falling behind competitors during the early stages of the artificial intelligence boom.

Intel Foundry Business Gains Momentum

Intel has spent billions of dollars expanding its manufacturing capabilities while searching for major external customers to validate its foundry strategy. Until now, much of the foundry operation has focused on producing chips for Intel’s own products.

The company appears to be making progress under CEO Lip-Bu Tan, who took over leadership early last year. Since then, investor confidence has improved significantly as Intel pushed forward with its manufacturing roadmap and secured support from major industry and government stakeholders.

Trump also revealed details about a project called TerraFab, which he described as the largest chip factory in the world. According to his comments, Elon Musk has agreed to build the facility using Intel’s technology team and manufacturing expertise.

If confirmed, TerraFab would represent the first major external commitment to Intel’s foundry business and could become a major catalyst for future growth.

Intel Market Value Continues to Climb

Investor enthusiasm has fueled a dramatic rally in Intel shares over the past year. The stock has gained approximately 464% during the last 12 months, pushing the company’s market capitalization to about $608.7 billion.

Trump used the announcement to criticize previous U.S. administrations, arguing that they allowed countries such as Taiwan to dominate semiconductor manufacturing. His administration has repeatedly emphasized domestic chip production as a strategic priority.

For Intel, the reported partnerships could help validate years of investment in advanced manufacturing facilities and support the company’s ambition to become a leading U.S.-based foundry for both domestic and international technology firms.

In other news, Intel recently unveiled its Clearwater Forest Xeon 6+ processors, while rumors suggest the company is preparing a Wildcat Lake Refresh platform for release in 2027.