Intel gains 7% after Trump says company will partner with Apple on U.S. chip design

Deonc

06-18

Published Thu, Jun 18 2026 4:45 AM EDT

Updated An Hour Ago

Kai Nicol-Schwarz

@in/kains

WATCH LIVE

KEY POINTS

Intel's stock climbed 7% on Thursday.

The rally came after President Donald Trump said on Truth Social that the semiconductor company had agreed to a deal with Apple to design and build chips in the U.S.

Intel's stock has seen significant gains recently after struggling for years, having relinquished its dominant market position.

In this article

$NVIDIA(NVDA)$

$Intel(INTC)$

$Apple(AAPL)$

Intel's stock rose 7% on Thursday, after President Donald Trump said the semiconductor company had agreed to a deal with Apple to design and build chips in the U.S.

"Stupid Presidents took our Economy for granted, and let Taiwan and others steal our Semiconductor Factories," Trump said in a post on Truth Social. "Apple has agreed to work with Intel to design and build its Chips in America."

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