USA · 03 Jul 2026 · 08:35 GMT ·2 min read

Intel Shares Surge 10% Following Trump Announcement of Apple Partnership for Domestic Chip Production

Intel shares rose 10.5% on June 18, 2026, reaching $133.82 after President Donald Trump announced a partnership between the semiconductor firm and Apple to design and manufacture chips within the US.

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Intel shares rose 10.5% on June 18, 2026, reaching $133.82 after President Donald Trump announced a partnership between the semiconductor firm and Apple to design and manufacture chips within the US. The deal follows over a year of negotiations. The administration holds a 10% stake in Intel, acquired in August 2025. Intel declined to confirm specific terms. Apple has not yet commented on the reported agreement.

Context

The administration acquired a 10% ownership stake in Intel in August 2025, a move that prompted debate over the extent of government involvement in private enterprise.

Supportive perspectives

The partnership is expected to help Apple diversify its manufacturing footprint and reduce reliance on Taiwan Semiconductor Manufacturing Company (TSMC).
The deal caps more than 12 months of negotiations between the two technology giants.
The US government holds a 10% stake in Intel, acquired in August 2025, making it the company's largest shareholder ahead of institutional investors like Vanguard and BlackRock.
The administration reported that the government's stake in Intel has increased in value significantly since August 2025, reaching over $60 billion.
The partnership would reduce Apple's reliance on Taiwan Semiconductor Manufacturing Company (TSMC), which manufactures most of Apple's chips, by shifting some production to Intel's US-based facilities.

Critical perspectives

The Cato Institute, a nonpartisan think tank, called the US government's 10% stake in Intel "unprecedented government ownership of private enterprise" when the arrangement was announced in August 2025. The institute raised concerns about the blurring of public and private sector boundaries.
Critics flagged a potential conflict of interest when the government took its Intel stake in August 2025. Intel conducts other business with the federal government, and critics said preferential treatment could disadvantage competing chipmakers.
Neither Apple nor Intel confirmed the deal's specific terms as of June 18, 2026. Apple did not respond to requests for comment. Intel stated it would not comment on a potential Apple-Intel agreement, leaving the scope and timeline of any partnership unverified.
Trump announced the partnership on social media rather than through formal government or corporate disclosure. The claim in Trump's post that Intel's valuation rose from roughly $100 billion to $600 billion in nine months has not been independently verified by either company.