Apple Partners Intel for US Chip Production; INTC Surges

Apple (AAPL) has agreed to partner with Intel (INTC) for chip design and production in the United States, a move announced by Donald Trump on June 19, 2026. This collaboration aims to bolster Intel's foundry business and strengthen the domestic semiconductor supply chain. Intel's shares surged 10.64% on June 18, reaching a new all-time high, with Apple stock rising 0.7%. Trump announced the deal on Truth Social, without specifying chip types. The market views this partnership as providing stable demand for Intel and increasing visibility for its foundry services, while offering Apple supply chain diversification amid reported TSMC (2330-TW) capacity constraints. The agreement follows earlier reports, including a May 2026 Wall Street Journal article, detailing a preliminary deal after over a year of negotiations. Intel previously supplied chips for Apple's Mac computers for 15 years until Apple transitioned to its in-house M-series chips, manufactured by TSMC, in 2020.