Intel Shares Rally on Reported Apple Manufacturing Deal

The president framed the partnership as a critical component of his strategy to repatriate semiconductor design and manufacturing. While the administration claims the deal is finalized, neither Apple nor Intel has officially confirmed the arrangement, and both companies remained silent following requests for comment. If the current premarket gains hold through the session, the company will reach a record-high valuation.

This potential collaboration builds on a foundation of recent government-backed expansion efforts. Intel shares have experienced a fourfold increase since August, when the U.S. government first signaled its investment. Trump noted that this deal follows similar agreements with Nvidia and Elon Musk’s Terrafab, reinforcing an aggressive push to consolidate domestic high-tech manufacturing under the Intel umbrella.