Intel stock jumps 10.6% to close at USD 133.99 on June 18, 2026, after President Donald Trump said Apple Inc. agreed to work with Intel Corporation on US chip design and manufacturing.
Intel Corporation (Nasdaq: INTC) touched an intraday high of USD 135.28 and had a market value of about USD 681.07 billion, according to market data as of June 19, 2026, 00:15 UTC.
Trump announced the reported Apple chip business in a Truth Social post, saying the arrangement was part of his administration’s push to reshore semiconductor manufacturing, according to Investor’s Business Daily.
Apple Inc. (Nasdaq: AAPL) had not confirmed a business arrangement with Intel, and Trump did not specify which Apple devices would use Intel-made chips, Investor’s Business Daily reported.
Wedbush Securities analyst Dan Ives said a deal with Intel would help Apple diversify its supply chain and add chip capacity, according to the report.
Wedbush analyst Matt Bryson kept a neutral rating on Intel and said the arrangement remained preliminary, with yield and execution still key risks.
Read: Apple Price Increases Planned Over Memory Chip Costs
Intel said earlier this week that its next-generation 18A-P manufacturing process had entered initial production, while Investor’s Business Daily reported that demand for central processing units used in AI servers had supported the company’s business.
Apple shares were last at USD 298.01, up 0.65%, with a market value of about USD 4.39 trillion, according to market data as of June 19, 2026, 00:15 UTC.
