Intel shares jump as Trump announces Apple chip deal

Intel shares surged on Thursday, June 18, 2026, following an announcement by President Donald Trump that the company has reached a preliminary agreement to manufacture chips for Apple in the United States. The news, delivered via the President's Truth Social platform, sent Intel's stock up by as much as 14 percent in early trading, extending a dramatic rally for the company this year.

The partnership, described as preliminary, follows more than a year of negotiations between the two technology giants. It marks a significant step for Apple in diversifying its supply chain away from its exclusive reliance on Taiwan Semiconductor Manufacturing Company (TSMC). For Intel, securing even a portion of Apple's business represents a major validation of its strategic pivot to become a contract chip manufacturer, or foundry, for other companies.

President Trump framed the deal as part of a broader administration effort to rebuild domestic semiconductor production and secure critical supply chains. He highlighted a previous U.S. government investment, an $8.9 billion equity stake acquired in Intel in August 2025, which has since grown substantially in value as the company's market...