Intel stock surged 9% following Trump's remark about a potential Apple chip deal, signaling possible gains for Intel's foundry unit, while Apple shares remained flat as details remain unconfirmed.
Intel shares surged 9% after former President Trump stated Apple is in talks to use Intel chips, signaling a potential new customer for Intel's foundry business and boosting investor confidence in its turnaround.
The statement suggests Intel may secure a major customer for its foundry services, accelerating its turnaround plan and boosting investor sentiment.
If Apple shifts some chip production to Intel, it could reduce TSMC's dominance, but the deal's scale and certainty are unclear.
No formal talks have been confirmed by either company, making the deal's probability uncertain despite Trump's remarks.
Apple was mentioned as a counterparty in Trump's statement about a possible chip deal with Intel. Apple shares were largely unchanged as investors await more details on the potential supply chain shift.
Apple stock showed little reaction as the news is preliminary and doesn't immediately change Apple's fundamental outlook.
Possible diversification from TSMC, perhaps for some chip lines, but no formal announcement has been made.
Neither company has confirmed discussions, so timing is speculative.
Intel shares climbed 9% on Thursday after former President Donald Trump said Apple is in talks to use Intel as a chip supplier. The statement fueled speculation that Intel's foundry business may secure a landmark customer, accelerating its turnaround efforts. Apple's stock barely moved on the news, reflecting cautious investor sentiment about the deal's materialization.
Trump stated that Apple is in talks to use Intel's chip manufacturing, which drove Intel stock up 9%.
Apple is one of the world's largest chip buyers, so a deal would validate Intel's foundry ambitions and provide substantial revenue.
Neither Apple nor Intel has officially confirmed the discussions mentioned by Trump.