Intel Shares Soar After Trump Says It Struck Apple Chip D…

US stocks experienced notable movements with Intel's stock price increasing sharply following President Trump's announcement of a partnership between Intel and Apple for domestic semiconductor production. Although details were sparse, this revelation was mentioned after Trump praised Nvidia and Elon Musk's Terafab. The partnership is part of Apple's broader strategy to explore domestic chip manufacturing, potentially involving both Intel and Samsung for their main device processors.

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Trump Says Intel Inked Chip Deal With Apple

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By Ian King and Edwin Chan

June 18, 2026 at 9:35 AM UTC

Updated on June 18, 2026 at 8:45 PM UTC

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Intel Corp.’s stock surged Thursday after US President Donald Trump said the chipmaker will work with Apple Inc. to design and produce semiconductors domestically.

Trump didn’t elaborate on the tie-up, which he mentioned after championing Nvidia Corp. and Elon Musk’s Terafab chipmaking ambitions in a Truth Social post. The iPhone maker has held exploratory discussions about using Intel and Samsung Electronics Co. to produce the main processors for its devices in the US, Bloomberg previously reported.

Read Original at Bloomberg.com →

Intel Shares Soar After Trump Says It Struck Apple Chip Deal