Intel Stock Jumps 9% After Trump Announces Apple Deal
Intel's stock jumped more than 9% on Thursday morning. The jump followed Trump saying Intel will work with Apple.
They plan to design and make chips in the US together. Trump posted the news on his Truth Social platform.
Neither Apple nor Intel has confirmed the deal. Trump gave no details about numbers or timelines.
A Wall Street Journal report from May said the two companies had already reached an early agreement. Intel has been recovering from years of struggle in the chip industry.
Klear Note — Intel makes computer chips. Apple designs iPhones and computers. Chip manufacturing in the US is a government priority.
Key Terms 3
- premarket trading Buying and selling stocks before the official market opens each day
- semiconductors Tiny chips that power phones, computers and most modern devices
- Truth Social Trump's own social media platform where he posts announcements