Intel Shares Surge After Trump Claims Partnership with Apple

Shares of technology giant Intel surged sharply in premarket trading on Thursday (18/6/2026), after United States President Donald Trump claimed that Apple had agreed to work with Intel to design and manufacture chips domestically. Intel’s stock was recorded rising more than 7% to US$129.84. If this figure holds until the market close, the Santa Clara-based company will record 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. As a note, 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 of the collaboration had actually been detected since last May. The Wall Street Journal reported that Apple and Intel reached a preliminary agreement for Intel to manufacture some Apple device chips after intensive negotiations lasting more than a year. Intel’s share performance has shown an extraordinary positive trend since the US government announced its investment in August last year. Intel’s share value was reported to have quadrupled since that period. Besides Apple, President Trump mentioned that this partnership follows similar deals Intel has struck with Nvidia and Terrafab, a company run by Elon Musk. This strategic move is seen as a major US effort to reduce dependence on foreign semiconductor manufacturing and strengthen technological sovereignty at home. However, on the other hand, Apple had previously warned of potential price increases for products due to higher chip production costs amid the massive development of AI technology.