Intel rises 9% after Trump says company will partner with Apple on U.S. chip design
Intel stock surged 9% after President Trump posted on Truth Social that Apple and Intel agreed to design and build semiconductors in the U.S. The news also pushed the Philadelphia Semiconductor Index to a record high. Neither company has formally confirmed the deal.
What changed
Added details regarding the Philadelphia Semiconductor Index record and the lack of formal confirmation from the companies.
Live updates
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Intel Shares Jump 9% Following Trump Announcement of Apple Chip Partnership
confidence 90%Intel stock surged 9% after President Trump posted on Truth Social that Apple and Intel agreed to design and build semiconductors in the U.S. The news also pushed the Philadelphia Semiconductor Index to a record high. Neither company has formally confirmed the deal.
What's confirmed:
- Intel stock surged 9% in premarket trading on Thursday.
- President Trump announced via Truth Social that Apple and Intel agreed to design and build chips in the U.S.
- The Philadelphia Semiconductor Index rose 6.3% to a record.
Still unconfirmed:
- The partnership follows an $8.9B government payment.
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Intel Shares Jump After Trump Announces Apple Domestic Chip Partnership
confidence 95%Intel stock rose 9% following an announcement by President Donald Trump that Apple will partner with the company to design and build chips in the U.S. The news was shared via Truth Social on Thursday. Investors are also reacting to Intel's progress with its 18A/18A-P advanced chip process.
What's confirmed:
- President Donald Trump announced on Truth Social that Apple and Intel have a partnership to design and produce chips in the United States.
- Intel stock rose 9% in pre-market trading following the announcement.
- The announcement occurred on Thursday, June 18, 2026.
Still unconfirmed:
- Intel's 18A/18A-P advanced chip process has entered risk production.
- Trump led a $9 billion government investment in Intel since returning to office.