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Intel Shares Surge After Trump Announces Apple Partnership
Intel shares rose following a new US-based chip manufacturing partnership with Apple, brokered after CEO Lip-Bu Tan addressed administration concerns regarding China.
What: Intel's stock value increased after President Donald Trump confirmed an agreement with Apple to design and manufacture processors in the United States. This follows a period of management transition under CEO Lip-Bu Tan, who took office in March 2025.
Why it matters: This reflects the Trump administration's aggressive push to repatriate semiconductor manufacturing and the potential for direct political intervention in major corporate supply chain partnerships.
Original article
Intel shares jumped after President Donald Trump and Apple announced an agreement to work with the company to design and build chips in the US. Intel was underperforming for years until Lip-Bu Tan became CEO in March 2025. Trump initially raised concerns about Tan's potential close ties to China, but Tan's charm won him over. Intel has since received a lot of help from the Trump administration.
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