Intel Stock Rises 9% Following Trump's Apple Chip Deal Announcement
WHO:
Bloomberg Markets - Intel Corp. and Apple Inc. are the companies involved in the deal.
Techmeme - US President Donald Trump made the announcement regarding the partnership.
WHAT:
Yahoo Finance - Trump made the announcement in a social-media post Wednesday, stating, "Apple has agreed to work with Intel to design and build its Chips in America."
Yahoo Finance - The Wall Street Journal had reported in early May that Intel and Apple reached a preliminary agreement to develop chips for Apple devices.
Yahoo Finance - Intel Chief Executive Lip-Bu Tan has begun positioning 18A as a potential offering for external clients, a shift from his earlier stance that the process would generate returns only through Intel’s own products.
Yahoo Finance - The company said 18A-P is fully design-rule-compatible with 18A, allowing customers to reuse existing intellectual property and design flows.
Yahoo Finance - Intel shares jumped 8.9% in pre-open trade by 06:01 ET (10:01 GMT).
Yahoo Finance - Nvidia rose 1.2%, while AMD and Broadcom climbed about 3% each. Marvell Technology jumped 5.8%, and Qualcomm added 2.9%.
Yahoo Finance - The iShares Semiconductor ETF rose 3.9%, the VanEck Semiconductor ETF gained 3.3%, and the Roundhill Memory ETF jumped 6.2%.
Yahoo Finance - Trump stated that the federal government’s 10% stake in Intel had risen in value to $60 billion from $10 billion.
Yahoo Finance - Intel's newest version of its 18A manufacturing process, known as 18A-P, had entered risk production, citing strong demand for its central processors.
Yahoo Finance - Intel said 18A-P delivers 9% higher performance than 18A at the same power level, or 18% lower power consumption at the same processing speed.
CBS News US - President Trump noted that the U.S. has a 10% stake in Intel, which is now valued at $60 billion.
Bloomberg Markets - Intel's stock surged more than 9% in premarket trading following the announcement.
Techmeme - Trump stated, "Apple has agreed to work with Intel to design and build its Chips in America."
WHERE:
Bloomberg Markets - The deal involves domestic semiconductor design and production in the United States.
WHEN:
Techmeme - The announcement was made on a Thursday.
WHY:
Bloomberg Markets - The partnership aims to boost domestic semiconductor production.
HOW:
Techmeme - The collaboration will involve designing and building chips in America.
(UPDATED June 19, 2026 01:54 UTC)
Trump announced that Apple has agreed to collaborate with Intel to design and build its chips in America, according to a social media post. This follows a report from The Wall Street Journal in early May, which indicated that Intel and Apple had reached a preliminary agreement to develop chips for Apple devices. Additionally, Intel's Chief Executive Lip-Bu Tan is now positioning the 18A process as a potential offering for external clients, marking a shift from his previous stance that it would only benefit Intel's own products.
--
(UPDATED June 18, 2026 19:46 UTC)
Intel shares surged by 8.9% in pre-open trade, reflecting strong market confidence as Trump announced that the federal government’s 10% stake in the company has skyrocketed in value to $60 billion from just $10 billion. In addition to Intel's impressive performance, Nvidia rose 1.2%, AMD and Broadcom each climbed about 3%, and Marvell Technology jumped 5.8%. Intel also revealed that its latest 18A manufacturing process, known as 18A-P, has entered risk production, promising 9% higher performance at the same power level or 18% lower power consumption at the same processing speed.
--
(UPDATED June 18, 2026 16:11 UTC)
President Trump highlighted that the United States holds a ten percent stake in Intel, which is currently valued at sixty billion dollars. This significant investment underscores the importance of the tech giant in the U.S. economy. As Intel continues to grow, the implications of this stake could be substantial for American interests.
--
(UPDATED June 18, 2026 12:13 UTC)
President Trump announced a new partnership between Intel Corp. and Apple Inc. that aims to boost domestic semiconductor production in the United States. Following the announcement, Intel's stock surged more than nine percent in premarket trading, reflecting investor enthusiasm for the deal. Trump stated, "Apple has agreed to work with Intel to design and build its Chips in America," highlighting the collaboration's focus on domestic design and manufacturing.