President Trump posted on Truth Social on June 18 that Apple had agreed to work with Intel to design and manufacture chips inside the United States — a claim that sent Intel shares up as much as 12% intraday. Apple's stock moved modestly, gaining roughly 1.5% on the news. As of market close, neither Apple nor Intel had issued a public statement confirming the partnership.
An Apple foundry relationship would be transformational for Intel's struggling manufacturing division, giving it a marquee customer to validate its foundry ambitions against TSMC. The absence of confirmation from either company means the move is speculative — investors are pricing in a possibility, not a done deal. Apple shareholders face minimal upside here; Intel shareholders face significant downside if the story falls apart.
Official statements from Apple or Intel confirming or denying the partnership — no scheduled date, but likely within days given market pressure. Intel Q2 earnings: next quarterly window. Any follow-up from Trump administration on domestic chip manufacturing policy.
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