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