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Jun 18, 2026 Major1
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Intel Stock Surges Over 9% After Trump Reveals Apple Chip Partnership
Intel’s stock jumped over 9% in premarket trading after President Donald Trump stated that Intel will work alongside Apple to design and manufacture semiconductors in the U.S. The potential deal highlights ongoing efforts to boost domestic chip production and could reshape the semiconductor supply chain.
Quick Facts
Who
Intel Corp.
What
Intel shares rose over 9%
When
2026-06-18
Where
United States
- Intel shares rose over 9%
- Trump announced chip partnership
- Intel to design and produce chips for Apple
- Intel Corp.
- Apple Inc.
Intel Corp.’s stock surged more than 9% in premarket trading on Thursday after U.S. President Donald Trump announced that the chipmaker will collaborate with Apple Inc. to design and produce semiconductors domestically. The partnership marks a significant step in efforts to strengthen U.S. semiconductor manufacturing and reduce reliance on foreign supply chains.
President Trump made the announcement during a briefing, emphasizing the economic and national security benefits of onshoring chip production. Neither Intel nor Apple immediately confirmed the deal, but markets reacted positively, reflecting investor optimism about Intel’s turnaround strategy and its ability to secure high-profile clients.
The deal could provide a major boost for Intel, which has been investing heavily in expanding its foundry services under CEO Pat Gelsinger. For Apple, the move aligns with its broader push to diversify its chip supply chain beyond Taiwan Semiconductor Manufacturing Co. (TSMC), its primary supplier.
Industry analysts noted that the partnership, if finalized, would be one of the largest domestic chip pacts in recent years. It also comes amid heightened geopolitical tensions and U.S. government incentives under the CHIPS Act, which aims to revitalize American semiconductor production.
Why This Matters
This partnership signals a shift in the U.S. semiconductor supply chain toward domestic production, potentially reducing reliance on foreign foundries like TSMC. For investors, Intel's stock surge reflects renewed confidence in its foundry strategy and ability to win high-profile clients. Policymakers and industry leaders should monitor this deal as a bellwether for CHIPS Act implementation and broader reshoring trends.
Timeline & Sources
Jun 18, 2026
WireIntel shares rise over 9% in premarket trading after Trump announces Apple chip partnership
Jun 18, 2026
WireBloomberg publishes article on Intel stock surge and Trump's announcement