Intel shares climbed Thursday after President Donald Trump announced that Apple plans to work with the U.S. chipmaker on semiconductor production, fueling investor optimism about domestic manufacturing and the future of the American technology industry.

In a post on Truth Social, Trump said Apple had agreed to collaborate with Intel to design and manufacture chips in the United States. The announcement quickly drew attention on Wall Street, where investors viewed the reported partnership as a potentially significant boost for Intel’s long-term growth prospects.

While additional details about the arrangement have not yet been released, the news arrives as the United States continues efforts to strengthen domestic semiconductor production and reduce reliance on overseas manufacturing. The semiconductor industry plays a critical role in powering everything from smartphones and personal computers to artificial intelligence systems and data centers.

For Intel, a partnership with one of the world’s largest technology companies could reinforce its strategy of expanding advanced chip manufacturing capabilities in the United States. The company has invested heavily in modernizing its fabrication facilities and positioning itself as a leading contract manufacturer for other chip designers.

Apple has not publicly outlined the scope or timeline of the reported collaboration, and further information is expected as the project develops.

Investors will be watching closely for additional announcements that could clarify how the partnership may affect production plans, supply chains, and the broader semiconductor market.