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Updated on: June 18, 2026 / 10:28 AM EDT
/ CBS News
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Intel shares jumped on Thursday after President Trump said on social media that the semiconductor giant will work with Apple to design and manufacture chips in the U.S.
Intel's stock rose $12.72, or 10.5%, to $133.82 shortly after trading opened on Thursday.
Apple did not immediately respond to a request for comment, while Intel said it would not comment "about a potential Apple–Intel agreement."
Mr. Trump's post about Intel comes after he brokered a deal last August for the U.S. to take a 10% stake in the chipmaker, raising concerns about a potential conflict of interest given that the company conducts other business with the government and that the deal could benefit Intel at the expense of competitors. The Cato Institute, a nonpartisan think tank, at the time called the arrangement an "unprecedented government ownership of private enterprise."
On Thursday, the president also highlighted the value of the government's stake, saying Intel's valuation has climbed from about $100 billion in August to roughly $600 billion today.
"Nine months, and they've increased in value over HALF A TRILLION DOLLARS!" Mr. Trump wrote. "America's stake is now over 60 billion dollars."
With its 10% stake, the U.S. is the largest holder of Intel stock, ahead of institutional investors such as Vanguard and BlackRock, the tech firm's second- and third-largest investors with stakes of about 6% each, according to data from FactSet.
Teaming with Intel could help Apple diversify its manufacturing footprint and rely less on Taiwan Semiconductor Manufacturing Company, or TSMC, its major overseas chip supplier, Wedbush Securities analyst Dan Ives said in a research note.
"This preliminary deal to make chips for Apple comes after more than a year of negotiations, with the Trump post now confirming a deal is now in place," Ives wrote.
He added, "While Apple has diversified its supply chain to other parts of the world, including Vietnam, India and the U.S., this represents a strategic move by Apple to continue diversifying its supply chain to reduce pressure across its manufacturing footprint."
Apple CEO Tim Cook said the company plans to boost prices on its products to offset higher costs for memory and storage chips, which have been rising due to increased demand from AI companies, the Wall Street Journal reported Wednesday.
Edited by
Alain Sherter
In:
Donald Trump
Apple
Intel
Read the full article at CBS News (US) →📄Source document: Intel's Stock Performance
4 reports
CBS News (US)IndependentRight3 days agoIntel's stock price increased following a statement by President Donald Trump on social media indicating that Intel will collaborate with Apple to design and manufacture chips in the United States. Intel did not confirm the potential partnership, and Apple had not responded to requests for comment. Trump previously secured a 10% equity stake in Intel, which raised questions regarding conflicts of interest. He emphasized the growth in Intel's valuation since acquiring the stake.
Bias read (Right): The article emphasizes the increase in Intel's valuation and highlights the U.S. government's financial gain through its stake in Intel, using quotes from President Trump who promotes the deal. The framing focuses on the benefits to the U.S. government and the positive economic impact attributed to,
Official sources cited
- study Intel's Stock Performance
- organisation Cato Institute Statement on Government Ownership
SemaforIndependentCenter3 days agoSemafor reports that Intel and Apple had been in discussions for several months regarding a potential chip manufacturing deal, which was later claimed by former President Donald Trump.
Bias read (Center): The article presents a factual report without overtly biased language or emphasis. It does not take a stance on the implications of the deal or the claims made by Trump, focusing instead on the fact that negotiations occurred.
QuartzIndependentCenter3 days agoIntel stock surged following a statement by former President Donald Trump claiming that Apple has agreed to collaborate with Intel on chip design and production. This development adds to Intel's recent successes in securing high-profile foundry contracts.
Bias read (Center): The article reports on a market reaction to a claim made by a political figure without taking a stance on the accuracy of the claim or its implications. It presents the event factually, focusing on the stock movement and the reported agreement between companies.
MarketWatchParty-alignedRight3 days agoIntel shares increased in premarket trading following a statement by former President Donald Trump indicating that the company would manufacture chips for Apple within the United States.
Bias read (Right): The article references a statement from former President Donald Trump, who is associated with right-leaning politics, and highlights his influence on stock market reactions without providing counterpoints or alternative perspectives.
United States