Intel’s best salesman strikes again.

Shares in the California-headquartered chipmaker spiked in premarket trading on Thursday after President Donald Trump said it had agreed a deal with Apple to “design and build” its chips in the US.

Intel stock closed at $121.10 on Wednesday and has climbed as much as 9% in premarket trading on Thursday. As of around 6.40 a.m. ET, it is set to open at $131.55.

Since returning to office in early 2025, Trump has often touted Intel as a potential US tech success story, lamenting the fact that semiconductor manufacturing is largely concentrated in Asia. He has pushed tech companies, including Nvidia and Apple, to build more in the US.

“We design everything, but we…