Intel Jumps Nearly 9% as Trump Announces Apple Chip Partnership in the US
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Intel shares jumped about 8.9% in premarket trading to roughly $131.89 from a $121.10 close after President Trump announced on June 18, 2026 that Apple will partner with Intel to design and build chips in the United States. The deal could strengthen Intel’s foundry business and diversify Apple’s supply chain, and may indirectly benefit crypto mining hardware supply, Web3 adoption and blockchain security by boosting domestic semiconductor capacity and reducing supply‑chain risk.
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- Intel shares rose nearly 9% in premarket trading after Trump announced an Apple partnership.
- Apple will work with Intel to design and manufacture chips in the United States.
- The agreement could strengthen Intel’s foundry business and diversify Apple’s supply chain.
Intel shares surged in premarket trading after President Donald Trump announced that Apple had agreed to work with the chipmaker on designing and manufacturing semiconductors in the United States.
The stock traded near $131.89 before the opening bell, up about 8.9% from its previous close of $121.10. At one stage, the gain approached 10% as investors reacted to the prospect of a majo…
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