Have Apple or Intel officially announced the partnership?

Neither company has officially confirmed the deal yet; the statement came from President Trump.

Why is this potential partnership important for Intel?

It would boost Intel's foundry business and open a new revenue stream.

How would the partnership affect TSMC?

It could reduce Apple's reliance on TSMC, potentially hurting its business.

Intel Jumps 7.6% on Potential Apple Chip Partnership in U.S.

Intel (INTC) shares rose 7.6% after President Trump announced that Apple has agreed to collaborate with Intel to design and manufacture chips in the United States, potentially shifting some production from TSMC.

June 21, 2026

2 min read

Source: Simply Wall St.

Key Numbers

stock price change

+7.6%

Intel (INTC) shares jumped 7.6% this week after U.S. President Donald Trump said Apple (AAPL) has agreed to work with Intel to design and manufacture chips domestically. The news supports Intel's foundry ambitions and U.S. efforts to localize advanced semiconductor manufacturing.

Details of the Potential Partnership

According to Trump's statement, Apple will partner with Intel to move some of its processor production from overseas suppliers like TSMC to Intel's U.S. facilities. Neither company has officially confirmed the deal, but analysts see it as a strategic move for both.

Context

Intel has been aggressively building its third-party foundry business, a major strategic shift. The partnership would also align with the U.S. government's push to boost domestic chip production under the CHIPS Act.

What It Means for Investors

If finalized, the deal could open a significant new revenue stream for Intel while reducing Apple's reliance on TSMC amid geopolitical tensions. However, the agreement remains unconfirmed and would require regulatory approvals and substantial investment.

Frequently Asked Questions

The stock rose after President Trump said Apple agreed to partner with Intel to manufacture chips in the U.S.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.