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Intel Shares Soar After Trump Says It Struck Apple Chip Deal

Intel Shares Soar After Trump Says It Struck Apple Chip Deal
Bloomberg Technology Thursday 18 June 2026, 09:35 UTC By Edwin Chan 1 min read
Key Points

Intel Shares Soar After Trump Says It Struck Apple Chip Deal Intel Corp.’s stock surged more than 9% in premarket trading Thursday after US President Donald Trump said the chipmaker will work alongside Apple Inc. to design and produce semiconductors domestically. Trump didn’t elaborate on that tie-up, which he mentioned after championing Nvidia Corp. and Elon Musk’s Terafab chipmaking ambitions in a Truth Social post. The iPhone maker has held exploratory discussions about using Intel and...

Intel Shares Soar After Trump Says It Struck Apple Chip Deal Intel Corp.’s stock surged more than 9% in premarket trading Thursday after US President Donald Trump said the chipmaker will work alongside Apple Inc. to design and produce semiconductors domestically. Trump didn’t elaborate on that tie-up, which he mentioned after championing Nvidia Corp. and Elon Musk’s Terafab chipmaking ambitions in a Truth Social post. The iPhone maker has held exploratory discussions about using Intel and Samsung Electronics Co. to produce the main processors for its devices in the US.
Intel (ORG) Trump (ORG) US (LOCATION) Donald Trump (PERSON) Apple Inc. (ORG) Nvidia Corp. (ORG) Elon Musk’s (PERSON) Terafab (PERSON) iPhone (ORG) Samsung Electronics Co. (ORG)
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