Intel Shares Soared Nearly 10%: Trump Announced the Chipmaker's Partnership with Apple

Shares of chipmaker Intel rose 9.7% in premarket trading on June 18 following a statement by U.S. President Donald Trump: on Truth Social, he announced that Apple had agreed to collaborate with Intel on the design and manufacturing of its chips in the United States.

“I decided to help Intel because we need to design and manufacture our chips right here in America,” Trump wrote. “Apple has agreed to work with Intel to design and manufacture its chips in America.”

For Intel, finding third-party customers for chip manufacturing is a key part of its plan to regain ground under the leadership of CEO Lip-Bu Tan, Bloomberg reports. The company is still in the early stages of attracting customers for its so-called contract manufacturing business following past failed attempts. Securing Apple as a customer would be a huge victory for Tan and could potentially help Intel attract new customers.

As for Apple, a partnership with Intel will help the company diversify its manufacturing base, according to Reuters. The iPhone maker relies heavily on Taiwan’s TSMC (Taiwan Semiconductor Manufacturing Company) for chip production, whose cutting-edge manufacturing lines are currently in high demand from AI chipmakers such as Nvidia and AMD.

Apple and Intel did not respond promptly to requests for comment from Bloomberg and Reuters.

Apple shares rose 0.3% in premarket trading on Thursday.

Meanwhile, Intel’s stock gain of nearly 10% continued the overall trend of 2026, during which the stock rose by more than 200%. According to MarketWatch, Wall Street analysts’ views on Intel’s outlook are divided as follows: 18 analysts recommend buying the stock. The overwhelming majority—31 analysts—advise holding; four recommend selling.

In May, The Wall Street Journal (WSJ), citing sources, reported that Intel and Apple had reached a preliminary agreement under which Intel would manufacture certain chips for Apple that are used in the company’s devices. In addition, Intel announced this week that its new-generation 18A manufacturing technology has entered initial production due to high demand for the company’s central processing units.

In August 2025, the Trump administration acquired a 10% stake in Intel and announced plans to invest about $10 billion in the chipmaker to build or expand factories in the U.S., Reuters reports. Since then, the chipmaker’s stock has soared by more than 400%.

This article was AI-translated and verified by a human editor