Trump's Apple-Intel Bombshell: What the Chip Deal Really Means for Semiconductor Stocks
Overview On June 18, 2026, at 12:29 AM ET, President Donald Trump posted on Truth Social: "Apple has agreed to work with Intel to design and build its Chips in America." Within hours, Intel (INTC) surged over 10%, Micron Technology (MU) jumped 8.7%, Nvidia (NVDA) gained approximately 3%, and the Philadelphia Semiconductor Index (SOX) climbed more than 6% to a record high. The announcement did not come out of nowhere. The Wall Street Journal had reported in May 2026 that Apple and Intel had reach