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Trump OKs US Apple Chip Production, Intel Shares Jump 10%

6/22/2026

Summary

Story summary

U.S. President Donald Trump confirmed on June 18, 2026 that Apple and Intel will build Apple chips in the United States.
Intel began Apple test runs in 2026, will start production in 2027, and will receive 80% of iPhone A-series and base M7 processors as TSMC retains 90% of supply.
Cook warned iPhone 18 prices could reach $1,299, $200 rise, and noted Intel shares jumped 10% to $133.99 on June 18, 2026 after Q1 revenue of $13.6 billion and a $3.7 billion loss.

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Story summary

U.S. President Donald Trump confirmed on June 18, 2026 that Apple and Intel will build Apple chips in the United States.
Intel began Apple test runs in 2026, will start production in 2027, and will receive 80% of iPhone A-series and base M7 processors as TSMC retains 90% of supply.
Cook warned iPhone 18 prices could reach $1,299, $200 rise, and noted Intel shares jumped 10% to $133.99 on June 18, 2026 after Q1 revenue of $13.6 billion and a $3.7 billion loss.