Intel Climbs to $141.45 on Apple Foundry Deal, CEO Targets 10x Return
INTC•Intel shares climbed to an all-time high of $141.45 after President Trump said Apple would use Intel’s foundry services, lifting the stock 10.6% on Thursday. CEO Lip-Bu Tan targets a tenfold shareholder return over five to ten years while advancing chip packaging with major tech partners.
1. Record-High Stock Rally
Intel extended its rally to reach $141.45 per share, marking a new all-time high after a 10.6% surge last Thursday. Growing investor confidence in its manufacturing business and AI hardware positioning fueled the breakout move.
2. Apple Foundry Partnership Impact
President Trump announced Apple’s plan to use Intel’s foundry services for upcoming chip production, sparking optimism about new customer contracts and increased fab utilization. Market observers view this as a potential catalyst for sustained revenue growth in Intel’s contract manufacturing segment.
3. CEO’s Long-Term Growth Targets
CEO Lip-Bu Tan outlined a goal of delivering tenfold returns to shareholders over the next five to ten years. He highlighted advances in advanced chip packaging technologies and strategic collaborations with major technology firms as primary drivers for long-term value creation.
