Intel's stock jumps 10.64% after Trump said “Apple has agreed to work with Intel to design and build its Chips in America”; INTC is up 520%+ in the past year

Intel's stock rose 10% on Thursday, after President Donald Trump said the semiconductor company had agreed to a deal …

CNBC 2026-06-19 Kai Nicol-Schwarz

Context & Ripple Effects

Coverage has progressed from reports of early Apple-Intel talks to sourcing that a formal manufacturing agreement had been reached, and now to a presidential statement describing joint chip design and production in the U.S. The repeated market moves show that investors view Apple as a potentially consequential customer for Intel’s recovery.

This comes after Intel’s reported return to revenue growth and a sharp stock re-rating tied to AI-related optimism. The Apple relationship would connect that recovery narrative to a named, high-profile device customer rather than to investor expectations alone.

First-order effects

Intel gains immediate validation for its manufacturing ambitions, while Apple gains a publicly described U.S.-based chip design-and-build partner.
The statement intensifies investor attention on Intel’s ability to translate the reported Apple arrangement into production execution; Intel shares rose sharply in response.

Second-order effects

A visible Apple commitment raises the competitive bar for other chip manufacturers seeking major device-program business, particularly where customers value domestic production alongside technical capability.
Apple’s chip supply strategy becomes more central to Intel’s turnaround: the commercial significance will depend on the chips and volume ultimately assigned, neither of which is specified in the coverage.

Third-order effects

If the arrangement develops into sustained production, Intel’s revival could increasingly rest on winning external customers as well as its own chip products, reshaping how the market evaluates the company.
The story is a data point in a broader push to place more advanced chip design and manufacturing capacity in the U.S.; its durability will hinge on execution rather than the announcement-driven share reaction.

The trend: Major technology companies are increasingly pairing custom-chip strategies with efforts to diversify and localize manufacturing relationships.

Discussion

@rapidresponse47 @rapidresponse47 on x
[screenshot of Trump's Truth Social post: “...First, we helped bring in Nvidia, and they agreed to build their first level Chips with Intel. Next, Elon agreed to build his TerraFab, the largest Chip Factory in the World, designed together with Intel's Technology team. And, fina…
@aleabitoreddit Serenity on x
Trump announced Intel + Apple partnership, sending $INTC up 8% today. Intel execs were reportedly surprised by the $AAPL announcement by Donald Trump. TBH, the President should lead Intel's marketing team at this point. Feel's like he's hard carrying the stock. [image]
@scottlincicome Scott Lincicome on x
@schamorro357 Ha! Yeah, the American People voted en masse for the US government forcing Intel to give it equity, and then forcing Apple, Nvidia, and SpaceX/Tesla to use Intel's chips. It's all right there on Joe Rogan! LOLOLOLOLOLOLOLOLOL
@jukan05 Jukan on x
Wow. According to @FundaAI, UMC is collaborating with Intel not only on 12nm, but also in the 3nm space. $INTC [image]
@benbajarin Ben Bajarin on x
Looking forward to seeing what Apple does with Intel transistors. $INTC [image]
@stevehou Steve Hou on x
@Richard_Casey @jbulltard1 I think market may be pricing in the signal value of the tweet to everyone else who's not making chips with Intel
@rogoswami Rohan Goswami on x
Intel and Apple have been in talks about potential US manufacturing for months, sources say. The status of those talks could not be learned. Intel executives were surprised by the President's post. $INTC $AAPL
@patrickmoorhead Patrick Moorhead on x
I will take this as definite that $INTC and $AAPL have a deal. “And, finally, Apple has agreed to work with Intel to design and build its Chips in America.” Many questions on this one. Is this a performance-based LOI that's likely already in place or a hard contract. [image]
@mgsiegler M.G. Siegler on x
How many times can Intel's stock jump 10% whenever anyone utters “Apple”? We're apparently on a mission to find out!
@dnystedt Dan Nystedt on x
President Trump on Truth Social: -Apple now working with Intel to design and build its chips in the US. -Nvidia also working with Intel -Elon Musk's TeraFab designed with Intel, using Intel tech. $INTC $AAPL $NVDA $SPCX $TSM $SSNLF #semiconductors
@jimcramer Jim Cramer on x
I know i pushed club members hard yesterday to buy Intel, I have not been able to confirm the Intel-AAPL deal that the president posted about in Truth Social. Hold on!
@jimcramer Jim Cramer on x
Intel will work.. best area of complex
@divestech Dan Ives on x
Apple and Intel partnering on chip front would be a huge step forward for Cupertino. Smart move in our view with massive hardware cycle next 3 years in midst of AI boom. Intel went from outsider with Apple to new key potential chip partner. key for 🇺🇸 chips. 🔥🏆🍿🎯🐂🍎📱🖥️
r/StockMarket r on reddit
Intel surges 9% after Trump says company will partner with Apple on U.S. chip design

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