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    Intel gains after Trump says Apple agreed to make US chips

    Picture of Apple logoApple
    18/06/2026 09:26
    BUZZ-Intel gains after Trump says Apple agreed to make US chips
      
    ** Shares of Intel INTC.O rise 7.24% to $129.87 in premarket trading
    ** US President Trump said on Thursday in a Truth Social post that Apple AAPL.O has agreed to work with the company to design and manufacture chips in the United States
    ** A partnership with Apple helps diversify its manufacturing base away from TSMC 2330.TW, while giving co a major customer to boost its foundry business
    ** Apple and Intel did not immediately respond to a Reuters' request for comments outside regular business hours
    ** 13 of 48 brokerages rate the stock "Buy" or higher, 32 "Hold" and 3 "Sell"; their median PT is $89.4 - data compiled by LSEG
    ** As of last day's close, stock has more than tripled year-to-date, compared to a 12.0% rise for the Nasdaq .IXIC

    (Reporting by Kanishka Ajmera in Bengaluru)
    ((mail to: Kanishka.Ajmera@thomsonreuters.com))

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