WASHINGTON — Intel shares rose after President Donald Trump said Apple had agreed to work with Intel on chip design and manufacturing in the United States, though the two companies had not publicly confirmed the partnership as of the latest reports. Trump announced the development in a social media post on Thursday, June 18, 2026, and the statement pushed Intel’s stock higher in trading, according to market reports.
Trump said in the post that Apple would collaborate with Intel to “design and build” chips in the United States, according to Reuters. The announcement came as the U.S. administration has promoted domestic semiconductor production and sought to expand manufacturing capacity inside the country. Details of the reported agreement, including the specific chips involved and the timeline for production, remain unclear.
Intel shares gained in response to the announcement, with reports showing the stock rising by several percentage points in premarket trading after Trump’s statement. The move drew attention because Intel has been investing in its foundry business, which manufactures chips designed by other companies, as it attempts to expand beyond its traditional processor business.
Apple currently designs its own semiconductor products and has relied heavily on outside manufacturing partners, including Taiwan Semiconductor Manufacturing Company, for production of advanced chips. Reuters reported that a potential collaboration with Intel would help Apple diversify its chip supply chain. Apple moved away from Intel processors in its Mac computers in recent years as it developed its own Apple silicon chips.
Neither Apple nor Intel immediately confirmed the agreement following Trump’s announcement, according to reports. Reuters said the companies did not immediately respond to requests for comment outside regular business hours. Intel has previously said it generally does not disclose customers unless those customers choose to make announcements, according to company comments reported in industry coverage.
The announcement followed earlier reports that Apple and Intel had held discussions about a possible manufacturing arrangement. Those reports described the possibility of Intel producing some chips based on Apple’s designs, although final terms were not publicly disclosed.
The U.S. government has also been involved in efforts to support domestic semiconductor production. Reuters reported that the Trump administration previously acquired a stake in Intel as part of efforts connected to strengthening U.S. chip manufacturing.
As of the latest reports, Apple and Intel had not released additional details about the partnership, and the companies’ official statements on the matter remained unavailable.
