Intel stock jumped roughly 9% in premarket trading after President Donald Trump announced that Apple will collaborate with the chipmaker on domestic semiconductor design and manufacturing.
Trump made the announcement on Truth Social on June 18, framing the partnership as a win for American manufacturing.
What the Apple-Intel deal actually means
The collaboration follows a preliminary agreement established after more than a year of negotiations between the two tech giants. Those talks were actively facilitated by the US government, which has a very literal stake in Intel’s success.
The federal government invested $8.9 billion in Intel common stock back in August 2025, acquiring a nearly 10% ownership position.
