Intel shares rally as Trump says company will build chips for Apple in the U.S.

Intel shares surged over 9% in premarket trading Thursday after President Donald Trump announced the company will collaborate with Apple Inc. to design and produce semiconductors domestically. This partnership aims to bolster U.S. semiconductor manufacturing and reduce reliance on foreign production, which could significantly impact global tech supply chains. The stock rally followed the confirmation that Intel's foundry will produce chips for Apple within the United States to strengthen domestic chip production capabilities.