Intel Stock Jumps 5.7% After Trump Confirms Apple Foundry Deal

According to Trump's Truth Social post early Thursday, Intel's stock surged 5.7% in overnight trading after U.S. President Donald Trump confirmed that Apple Inc. has agreed to use Intel's foundry services to design and manufacture chips in America. Trump indicated the U.S. government helped facilitate the deal in exchange for a 10% equity stake in Intel, noting the company's valuation has increased from approximately $100 billion when the government made its offer to over $600 billion.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments