Intel gains after Trump says Apple agreed to make US chips

Taiwan Semiconductor Manufacturing Co

18/06/2026 09:26

  
** 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))