Intel Shares Surge After Trump Claims Partnership with Apple

Shares of technology giant Intel surged sharply in pre-market trading on Thursday (18/06/2026), after US President Donald Trump claimed that Apple has agreed to collaborate with Intel in designing and producing chips domestically.

Intel’s stock was recorded rising more than 7% to US$129.84. If this figure holds until the close of trading, the Santa Clara-based company will have recorded an all-time high share price.

Through a post on the Truth Social platform, President Trump stated that the Apple-Intel partnership is the latest step in the US government’s support for Intel. Notably, the federal government took a 10% stake in the company last year.

“I decided to help Intel because we need to design and build our chips here, in America,” Trump wrote in his post.

Reports regarding the collaboration had been circulating since last May. The Wall Street Journal reported that Apple and Intel had reached an initial agreement for Intel to produce several of Apple’s device chips following intensive negotiations lasting over a year.

Intel’s stock performance has shown an extraordinary positive trend since the US government announced its investment in August last year. Intel’s share value has reportedly quadrupled since that period.

In addition to Apple, President Trump mentioned that this partnership follows similar deals forged by Intel with Nvidia and Terrafab, a company run by Elon Musk.

This strategic move is viewed as a major US effort to reduce dependence on overseas semiconductor manufacturing and strengthen technological sovereignty within the country. However, on the other hand, Apple had previously warned of potential product price increases due to higher chip production costs alongside the massive development of AI technology.

Apple CEO Tim Cook stated that product price increases are inevitable due to the surge in global memory chip and storage costs.