Intel Shares Soar After Trump Says It Struck Apple Chip Deal
Intel's stock surged by as much as 12% after former President Donald Trump announced that Intel would collaborate with Apple to design and produce semiconductors in the US. Trump stated he decided to support Intel for domestic chip production, and Apple had agreed to this partnership. This potential deal would be a significant victory for Intel's CEO Lip-Bu Tan, who is actively seeking external customers for the company's foundry business.
https://www.advisorperspectives.com/articles/2026/06/18/intel-shares-soar-after-trump-struck-apple-chip-deal