EL7.AI
StocksMedium•22 June 2026•
2 min read

Intel Stock Hits Record High on Reports of Domestic Chip Partnership with Apple

Key Facts

1Intel shares rose 3.9% on Monday to reach a new all-time high of $141.45.
2The surge followed comments by President Trump stating Apple agreed to design and build chips in the U.S. with Intel.
3Neither Apple nor Intel has formally confirmed the terms of the reported arrangement.

In a move reflecting the growing momentum of the U.S. semiconductor sector, Intel shares reached a new milestone driven by expectations of expanded domestic foundry contracts. The stock climbed 3.9% on Monday to hit an all-time high of $141.45, following comments by President Trump suggesting Apple has agreed to design and build its chips domestically in partnership with Intel. To date, neither corporation has formally confirmed the specific terms of the reported arrangement.

This surge comes amid mixed performance for mega-cap tech peers, with Apple (AAPL) trading at $300.83 per market data on June 22, 2026. In comparison, market data shows Microsoft (MSFT) closed at $371.38 while Meta ended the session at $562.04 on the same date. Intel's outperformance highlights investor optimism regarding the company's 'IDM 2.0' strategy and its potential to capture massive foundry contracts from domestic technology leaders.

Traders should watch for support near the $135.48 level, which served as a recent high on June 18, 2026, to gauge the sustainability of this breakout. With few major economic catalysts in the immediate calendar, the primary focus remains on any official corporate filings from Intel or Apple. Additionally, upcoming U.S. retail sales data will be monitored to assess broader consumer electronics demand trends.