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Trump Announces Apple-Intel US Chip Deal, Intel Shares Surge 9%

6/18/2026

47 6 Full Breakdown

Summary

Story summary

President Donald Trump announced on Truth Social that Apple will partner with Intel to make U.S. chips.
Apple and Intel have a preliminary agreement for Intel to manufacture Apple-designed chips at U.S. sites.
Intel’s stock rose about 9 percent in pre-market trading after the news.
The U.S. government turned $8.9 billion of CHIPS Act funding into a roughly 10 percent equity stake in Intel in August 2025.

History

Historical Context

Intel’s first major U.S. fab in decades opened as Fab 10 in Oregon in February 1994, later becoming the first Intel plant to ship 2 billion dies by 2010. The 1990s drive for domestic chip capacity set a precedent that the 2024 announcement by Trump that Apple will partner with Intel on U.S.-made chips seeks to extend, reinforcing America’s semiconductor sovereignty.

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Story summary

President Donald Trump announced on Truth Social that Apple will partner with Intel to make U.S. chips.
Apple and Intel have a preliminary agreement for Intel to manufacture Apple-designed chips at U.S. sites.
Intel’s stock rose about 9 percent in pre-market trading after the news.
The U.S. government turned $8.9 billion of CHIPS Act funding into a roughly 10 percent equity stake in Intel in August 2025.

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