EL7.AI
StocksMedium•18 June 2026•
2 min read

US Semiconductor Stocks Rally on Apple-Intel Domestic Chip Deal

Key Facts

1Semiconductor shares jumped following President Trump's announcement of Apple's agreement to design and manufacture chips with Intel in the U.S.
2Micron Technology shares saw gains following analyst price target hikes.
3A new interim agreement between the U.S. and Iran eased geopolitical tensions and lowered oil prices, supporting broader market sentiment.

In a move reflecting a strategic shift toward domestic technological sovereignty, U.S. semiconductor shares rallied significantly. The surge followed President Trump's announcement of an agreement between Apple and Intel to design and manufacture chips within the United States, boosting shares of firms including Teradyne and Microchip Technology. Micron Technology also saw gains driven by analyst price target hikes, while an interim U.S.-Iran agreement helped ease geopolitical tensions and lower oil prices, supporting broader market sentiment.

This shift comes as Big Tech seeks to de-risk global supply chains, with market data showing steady performance across peers like Microsoft and Meta. Per market data, Microsoft closed at $377.81 and Meta at $574.27 on June 18, 2026, signaling broader sector optimism regarding new industrial partnerships. Investors are also weighing these developments against mixed manufacturing data, as the NY Empire State Manufacturing Index recently printed at 5.7, missing the 14.0 forecast according to economic reports.

Regarding current price levels, AAPL traded at $297.4 and MU at $1140 (June 18, 2026), while INTC stood at $121.1 (close June 17, 2026). Traders should watch for further details on the Apple-Intel partnership implementation in the coming days. Additionally, global manufacturing indicators will be key catalysts to determine if this bullish momentum can be sustained amid evolving geopolitical dynamics.