Intel Shares Soar After Trump Says It Struck Apple Chip Deal
President Donald Trump announced on June 18 that Intel and Apple will collaborate to design and produce semiconductors in the United States. Intel stock saw gains between 9% and 12% following the news. Neither company has issued a formal confirmation of the partnership.
What changed
New reports specify that Intel stock climbed 10.5% and provide details on the specific chip processes involved.
Live updates
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Intel Stock Rises Following Trump Announcement of Apple Chip Deal
confidence 80%President Donald Trump announced on June 18 that Intel and Apple will collaborate to design and produce semiconductors in the United States. Intel stock saw gains between 9% and 12% following the news. Neither company has issued a formal confirmation of the partnership.
What's confirmed:
- President Donald Trump announced on June 18 that Apple and Intel reached a deal to design and produce chips domestically.
- Intel stock surged following the announcement.
Still unconfirmed:
- Apple will use the Intel 18A-P process for lower-end chips only and not for flagship silicon.
- TSMC will keep producing flagship silicon for Apple.
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Intel Shares Surge Following Trump Announcement of Apple Chip Partnership
confidence 90%President Donald Trump stated Thursday that Intel and Apple have reached a deal to design and produce computer chips within the United States. Intel stock rose 9% following the announcement, with some reports indicating jumps as high as 12%. Neither company has formally confirmed the partnership.
What's confirmed:
- President Donald Trump stated that Intel and Apple will partner on chip design and production in the U.S.
- Intel shares rose 9% after the announcement.
- The U.S. government has a 10% stake in Intel.
- The U.S. government led a $9 billion investment in Intel.
Still unconfirmed:
- The U.S. government stake in Intel is now worth $60 billion.