NASDAQ:SNTL 29 May 2026

June 18, 2026, 3:25 PM EDT. Intel shares surged over 10% after President Trump announced a potential deal with Apple to design and build chips in the U.S. This news helped Intel's stock rise more than 250% in 2026, reaching a market cap of about $672 billion. The deal could mark a major step in Intel's turnaround by securing Apple, previously reliant on Taiwan's TSMC, as a key customer. However, neither Intel nor Apple has confirmed the agreement, so investors should treat it as promising but unconfirmed. The U.S. government plays a crucial role, holding a 10% stake in Intel and promoting American chip manufacturing through subsidies and partnerships, including with Nvidia and Elon Musk's ventures. For Australian investors, the reshoring trend supports local tech and critical minerals stocks.