President Trump announced on 18 June 2026 that Intel will collaborate with Apple to design and produce semiconductors domestically in the United States. The announcement indicates Intel's foundry operations will manufacture chips for Apple within the US. Both Bloomberg Markets and Marketwatch TOP reported the development on the same day.
Intel shares rose more than 9% in premarket trading following the announcement, according to Bloomberg Markets and Marketwatch TOP. Apple shares also moved in premarket activity, as reported across both sources.
The directly affected instruments are Intel (INTC), whose foundry division is central to the announced manufacturing arrangement, and Apple (AAPL), named as the customer for domestically produced chips. Both are situated within the semiconductors and technology sectors.
No official regulatory statement or further governmental commentary beyond Trump's announcement was cited in cluster sources. Marketwatch TOP noted the announcement points to potential expansion of US semiconductor manufacturing capacity and increased demand for Intel's foundry services, without providing further official detail.
Sources: Bloomberg Markets, Marketwatch TOP