Power Integrations, Lattice Semiconductor, and onsemi Stocks Trade Up, What You Need To Know - FinancialContent

Following a statement from President Trump that Apple had agreed to design and manufacture chips with Intel in the United States, semiconductor stocks surged in the afternoon session. This development... Read original →

Trump’s claim that Apple and Intel will co-develop chips domestically is more political theater than technical reality. The rally in analog chip stocks like Power Integrations and onsemi reflects speculative bets on industrial automation and automotive recovery, not credible near-term production shifts. Intel lacks validated sub-7nm capacity for Apple’s high-end needs, making any ‘US-made’ collaboration likely confined to mature nodes—precisely where global cost advantages reside. Forcing domestic analog/power chip production inflates costs, eroding competitiveness in EV and energy markets. Compliance with CHIPS Act mandates will distort capex allocation, while Taiwan, China-based supply chains remain irreplaceable in the short term. Over the next 12–24 months, true winners won’t be headline-grabbing giants but vertically integrated players in automotive MCUs and SiC—where real demand outpaces geopolitical posturing.