Intel surges 9% after Trump says company will partner with Apple on U.S. chip design
President Donald Trump announced on June 18 via Truth Social that Apple will partner with Intel to design and manufacture chips in the U.S. Intel stock saw gains between 9% and 11% following the news. The move aims to increase domestic semiconductor capacity and mitigate AI-driven supply disruptions.
What changed
New reports specify the date of the announcement as June 18 and provide varying figures for the stock price surge.
Live updates
-
Intel Shares Rise Following Trump Announcement of Apple Partnership
confidence 80%President Donald Trump announced on June 18 via Truth Social that Apple will partner with Intel to design and manufacture chips in the U.S. Intel stock saw gains between 9% and 11% following the news. The move aims to increase domestic semiconductor capacity and mitigate AI-driven supply disruptions.
What's confirmed:
- President Donald Trump announced on Truth Social that Apple agreed to design and manufacture chips in the United States with Intel.
- Intel shares rose following the announcement.
- The partnership is intended to address price pressure and memory supply disruptions linked to AI chip demand.
Still unconfirmed:
- Apple will use the Intel 18A-P process for lower-end chips only.
- Intel stock climbed 10.5%.
- Intel stock jumped roughly 11% on June 18.
- Intel shares jumped 9% in premarket trading.
-
Intel shares jump 9% following Trump's Apple chip deal claims
confidence 80%Intel stock rose after President Donald Trump posted on Truth Social that Apple agreed to design and build chips in the U.S. with Intel. The market responded with a 9% surge in shares. Neither company has officially confirmed the partnership.
What's confirmed:
- President Donald Trump stated Apple will work with Intel to design and build chips in the United States.
- Intel shares surged following the announcement.
Still unconfirmed:
- Intel stock surged 9%.
- Apple has agreed to a deal with Intel.
-
Intel Stock Climbs on Apple Partnership and Technical Progress
confidence 90%Intel shares rose after President Trump announced a deal with Apple to design and manufacture chips in the U.S. Investors are also reacting to the company's 18A/18A-P chip process entering risk production. This combination suggests a potential recovery in Intel's foundry capabilities.
What's confirmed:
- President Trump announced that Apple will work with Intel to design and manufacture chips in the United States.
- Intel shares rose on Thursday following the announcement of the Apple partnership.
Still unconfirmed:
- Intel's 18A/18A-P advanced chip process has entered risk production.
- CEO Lip-Bu Tan attracted capital infusions from Nvidia and SoftBank.
-
Intel Shares Surge Following Trump Announcement of Apple Partnership
confidence 95%Intel stock rose between 9% and 10% on Thursday after President Donald Trump announced a domestic chip partnership with Apple. The agreement involves the joint design and manufacturing of computer chips within the United States. This development follows a government investment of nearly $9 billion in the chipmaker.
What's confirmed:
- President Donald Trump announced on Thursday that Intel and Apple will partner to design and build computer chips in the United States.
- Intel shares rose 9% in pre-market trading following the announcement.
- Trump posted the announcement regarding the Apple and Intel partnership on Truth Social.
- The U.S. government has provided a multibillion-dollar investment in Intel.
Still unconfirmed:
- Intel stock reached approximately $133 in early trading.
- iPhone prices will rise according to Tim Cook.
- Intel shares jumped by double digits on Thursday.