Intel surged 11% after Trump said Apple will use its chips. No confirmation from either company. The stock's Alpha Score is 47, reflecting the gap between foundry ambitions and revenue.
Intel jumped roughly 11% on Thursday, June 18, after President Donald Trump posted on Truth Social that Apple agreed to work with Intel to design and manufacture chips in the United States. Neither company confirmed the partnership publicly by market close. Intel's stock added billions in market value on the session.
The post came during a period when Intel has been fighting to prove its foundry business can attract marquee clients. The company's foundry services segment has posted operating losses for several quarters, and Intel has been courting external customers to fill capacity at its Arizona and Ohio fabrication plants. Apple, which designs its own chips but relies on Taiwan Semiconductor Manufacturing Co. for production, would be the highest-profile win Intel could announce.
Trump's post did not specify which Apple chips Intel would make or a timeline. Apple moved its Mac processors away from Intel chips starting in 2020, replacing them with its own M-series designs built by TSMC. A return to Intel as a manufacturing partner would represent a reversal of that supply-chain decision, though it could be limited to certain components rather than full processor lines.
Intel's Alpha Score sits at 47 out of 100, a Mixed rating that reflects the stock's uncertain turnaround timeline and the gap between its foundry ambitions and actual revenue. The score captures both the potential upside of a foundry win and the risk that Intel's manufacturing roadmap slips further.
The stock has been volatile this year as investors weigh Intel's cost-cutting plans against its capital spending requirements. The company has said it expects its foundry business to break even by 2027, a target that assumes it lands at least one major external customer. Apple would qualify.
Intel shares closed at their highest level in three weeks. Trading volume was roughly double the 30-day average, suggesting the move drew interest beyond retail speculation. The next concrete marker for the foundry story is Intel's July earnings call, where executives may face questions about the Apple tie-up.
Neither Apple nor Intel responded to requests for comment by press time.
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