Chip, Storage Shares Jump. SOXL up Nearly 10%; Intel up About 7%; Western Digital, Navitas, Micron, SanDisk up Around 4%

Chip, storage shares jumped in premarket trading. SOXL up nearly 10%; Intel up about 7%; Western Digital, Navitas, Micron, SanDisk up around 4%.

U.S. President Donald Trump said in a Truth Social post on Thursday ​that Apple has agreed to work with Intel to ‌design and manufacture its chips in the United States.

A partnership with Intel helps Apple diversify its manufacturing base as it seeks additional chip capacity. The iPhone ​maker relies heavily on TSMC, whose advanced production lines ​are in high demand from AI chipmakers such as ⁠Nvidia and AMD.

Intel reached a preliminary deal to make some chips ​for Apple after more than a year of discussions, the Wall ​Street Journal reported in May.

Apple and Intel did not immediately respond to a Reuters' request for comments outside regular business hours.

An Apple contract gives Intel a steady ​demand from one of the world's largest consumer electronics companies, ​boosting both its reputation and a manufacturing business that has lagged TSMC ‌in ⁠recent years.