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Shares of wireless chipmaker Qualcomm (NASDAQ:QCOM) jumped 3.4% in the afternoon session after President Trump announced Apple had agreed to design and manufacture chips with Intel in the United States, a foundry validation the market had been waiting on for over a year.
A number of stocks jumped in the afternoon session after President Trump announced Apple had agreed to design and manufacture chips with Intel in the United States, a foundry validation the market had been waiting on for over a year.
A number of stocks jumped in the afternoon session after President Trump announced Apple had agreed to design and manufacture chips with Intel in the United States, a foundry validation the market had been waiting on for over a year.
A number of stocks jumped in the afternoon session after President Trump announced Apple had agreed to design and manufacture chips with Intel in the United States, a foundry validation the market had been waiting on for over a year.
A number of stocks jumped in the afternoon session after President Trump announced Apple had agreed to design and manufacture chips with Intel in the United States, a foundry validation the market had been waiting on for over a year.
While Apple is joining a growing list of tech companies raising prices for consumers this year, the iPhone maker’s decision stands out. CEO Tim Cook said in an interview with The Wall Street Journal on Wednesday that Apple plans to increase prices to offset rising memory and storage costs. Component costs have been soaring as demand far outpaces supply, thanks to the growing need for hardware that helps power artificial intelligence.
<body><p>STORY: ::Intel</p><p>::Archive</p><p>Shares of Intel rose as much as nearly 12% on Thursday, after U.S. President Donald Trump said the company would partner with Apple on chip design and production...</p><p>:: Intel</p><p>in what would be a major boost for Intel's efforts to turn around its business. </p><p>A contract with Apple would lock in steady demand from the iPhone maker, boosting Intel's reputation and sales as it looks to close the gap with rival TSMC, the world's biggest contract chipmaker.</p><p>::Archive</p><p>::AMD</p><p>For Apple, the deal would help diversify its manufacturing base and add chip capacity at a time when TSMC, its key partner, has been stretched thin by surging demand from AI chip-making clients such as Nvidia and AMD.</p><p>Trump's social media post about the agreement did not specify which chips Intel would make for Apple.</p><p>The president said it was his latest effort to help Intel, in which the U.S. government has a 10% stake.</p><p>::Archive</p><p>The Trump administration has been stepping up efforts to secure U.S. supply chains for semiconductors and critical minerals, including taking equity stakes in companies to reduce reliance on China.</p><p>Apple and Intel did not immediately respond to Reuters requests for comment.</p></body>
Cumulative Pro and Pro Max pricing assumptions rise $200 as memory costs force Apple's hand
Wedbush Sees Major Intel Opportunity as Apple Reshapes Its Chip Strategy
Intel shares rose after Trump said Apple agreed to work with the chipmaker on US-designed and built chips.
Micron Stock Jumps as Apple Reveals Growing Chip Cost Pressure
Azure and AWS could face DMA obligations on interoperability, customer lock-in, and self-preferencing if EU regulators proceed.
Shares of memory chips maker Micron (NASDAQ:MU) jumped 8.4% in the afternoon session after a coordinated wave of Wall Street price target revisions landed before the open, some of the most dramatic re-ratings seen in large-cap tech in years.
A social media post from President Trump sent chip stocks soaring. The Direxion Daily Semiconductor Bull 3X ETF led the charge, as expected.
Apple's (AAPL) chip production deal with Intel (INTC) represents a big opportunity for the semicondu
SanDisk (NASDAQ:SNDK) stock is surging in Thursday trading, up 11% to $2,170. Western Digital (NASDAQ:WDC) stock is also flying, up 7% to roughly $764. The catalyst landed before the open and hit memory and storage names broadly. The trigger came from Apple (NASDAQ:AAPL) CEO Tim Cook, who told the Wall Street Journal that surging memory ... SanDisk Jumps 11%, Western Digital Rises 7% After Apple Flags “Unavoidable” Memory Price Hikes
A report suggests the semiconductor specialist has inked an important deal.
Apple’s grip on iPhone app distribution is loosening in another major market: Brazil.
President Trump just gave Intel, Apple, and Sandisk investors some very good news.
I keep hitting the buy button on Apple (NASDAQ:AAPL), and the June panic over Fed Chair Kevin Warsh has only made my finger faster. Momentum traders are dumping high-flying tech indiscriminately, terrified Warsh will hold or hike to stamp out sticky inflation, and Apple has been dragged back under the $300 threshold at $299.24. I ... Why I Can’t Stop Buying This $3 Trillion Tech Titan Even as a “Rate Shock” Threatens to Tank Wall Street
Apple said on Thursday it will allow developers in Brazil to distribute iOS apps through alternative marketplaces and process payments outside its system, following an agreement with the country's antitrust watchdog CADE. • Apple agreed to make the changes to its services in December when it settled a dispute that had been opened in 2022. • For apps distributed via the App Store in Brazil, developers will be able to offer alternative payment methods within their apps and direct users to external websites to complete transactions, the company said.
Intel (INTC) surged 9% in premarket trading after President Trump said in a Truth Social post that Intel and Apple (AAPL) have agreed on a deal to design and build semiconductors in the US.
SanDisk is trading at $2,144.40, up +9.48% intraday and within reach of its 52-week high of $2,167.33, while Micron Technology is at $1,111.91, up +6.59% and just below its own 52-week peak of $1,116.25. Both stocks have been on extraordinary runs over the past year — SanDisk has gained more than 4,400% in the past 52 weeks as NAND pricing entered a structural shortage cycle, and Micron has added roughly 810% — but Thursday's session marks a fresh catalyst: explicit confirmation from Apple that
Apple's (AAPL) reported deal with Intel (INTC) to design and build chips in the US could strengthen
Intel will build chips for Apple, President Trump wrote in a Truth Social post.
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