Intel Jumps 10% on Trump-Announced Apple Chip Deal
Get the Tech newsletter
Daily tech — startups, AI labs, chips, the launches that shape the next decade. Free.
- Intel's stock rose more than 10% on June 18, 2026, after President Trump said Apple had agreed to work with Intel to design and build chips in the U.S., per CNBC.
- INTC shares are now up over 500% in the past year, according to CNBC, with the Apple announcement driving the latest leg of the rally.
- Tom's Hardware reported that neither Apple nor Intel confirmed the deal even as Intel's share price rocketed on the news.
- Semafor reported the deal had been in discussions for months, with the outlet's headline attributing the claim to Trump rather than the companies.
- Apple CEO Tim Cook said the same day that Apple is raising prices, per The Hill — a separate signal landing on the same trading session.
- Coverage spanned Reuters, the New York Times, the Wall Street Journal, and dozens of other outlets, all attributing the catalyst to Trump's announcement rather than company disclosures.
Why it matters: Intel added roughly 10% in market value on a deal neither Apple nor Intel has confirmed, per Tom's Hardware. With Apple CEO Tim Cook separately confirming price hikes the same day, per The Hill, the chip deal's actual terms — and its consumer cost — remain the key unknowns for the rally's durability.
