Intel Pops 17% After Apple Foundry Talks, Trump Boasts $45B

Intel shares jumped more than 17% in one trading day after reports that Apple has discussed producing its main device processors in the United States with Intel and Samsung, and after President Donald Trump posted that the government’s 10% stake in Intel has gained $45 billion.

The stock reached a record $110 following a 13% gain during regular trading and an additional 4.76% rise in after-hours trading.

Traders moved into Intel after reports that Apple has held talks about shifting production from its long-standing supplier in Taiwan to U.S.-based foundries. Market participants saw the discussions as a potential source of large foundry contracts for Intel.

Intel’s share price followed a string of corporate developments. The stock rose 114% in April, lifting the company’s market value above $470 billion. The company expanded work with Google, agreed to participate in Elon Musk’s Terafab initiative and said it would buy the remaining 49% interest in its Fab 34 plant in Ireland for $14.2 billion.

On the company’s first-quarter earnings call, Chief Executive Officer Lip-Bu Tan said, “CPUs are an indispensable foundation of the AI era.”

The U.S. government acquired a 10% stake last August through an $8.9 billion investment. Since that purchase the stock has climbed more than 330%. Year to date, Intel has risen about 200% and is the top performer in the PHLX Semiconductor Index.

Some technical and options indicators showed strong investor interest. One data provider displayed a unanimous buy signal across short-, medium- and long-term indicators, the shares are trading above key moving averages, and options expiring Aug. 21 imply top prices near $142, about 31% above current levels. Intel does not pay a dividend.

Analyst coverage remains cautious. The average rating across firms is Hold and the mean price target is just under $80, below recent trading levels.

On Truth Social, President Trump wrote, “Intel Stock continues to rise. I’m very proud of that Company in that I am responsible for making the United States of America over 30 Billion Dollars in the last 90 days on that stock alone,” and later posted, “I made the U.S.A. 45 Billion Dollars in 8 months!” accompanied by a chart showing the investment’s progress.

Apple’s reported interest in U.S.-based chip production would represent a change from its long-standing reliance on overseas foundries. If Apple decides to move main processor production to U.S. facilities, demand for domestic foundry capacity would increase.