Intel shares surged 11% on June 18, 2026, reaching $40,220.00, after President Trump announced a partnership where Apple will work with Intel to design and manufacture chips in the U.S..
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This news builds on Intel's recent momentum, including the launch of its advanced 18A-P chip node production on June 17, 2026, aimed at attracting major external customers like Apple for its foundry business.
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The rally also comes amid broader strength in the semiconductor sector, driven by increasing demand for AI and high-performance computing components.