Why did the Intel (NASDAQ:INTC) stock price increase by 10% on Thursday?

The Intel (NASDAQ:INTC) stock price increased by 10% following reports that the company reached a preliminary agreement to manufacture processors for Apple (NASDAQ:AAPL). The market reacted positively to the potential third-party manufacturing partnership.

What are the specific production volumes expected for Google (NASDAQ:GOOGL)?

Intel (NASDAQ:INTC) will reportedly build 3 million Tensor Processing Units for Google (NASDAQ:GOOGL). This production volume aligns with the chipmaker's broader strategy to expand its external foundry operations.

How is Apple (NASDAQ:AAPL) shifting its approach to semiconductor sourcing?

Apple (NASDAQ:AAPL) is reportedly exploring an agreement to use Intel (NASDAQ:INTC) for manufacturing chips, despite previously abandoning the supplier for custom in-house designs. Analysts suggest this initial tie-up will focus on low-volume, less critical components.

What does the massive demand for artificial intelligence mean for the Intel (NASDAQ:INTC) manufacturing pipeline?

The company stated that the global artificial intelligence build-out provides a strong tailwind for Intel (NASDAQ:INTC) as fabless companies seek alternative manufacturing capacity. The manufacturer is positioning its foundry arm to capture this overflow demand for central processing units.

How is the Intel (NASDAQ:INTC) leadership managing its broader turnaround strategy?

Current Intel (NASDAQ:INTC) CEO Lip-Bu Tan is continuing the turnaround efforts initiated by Pat Gelsinger by cutting costs and driving third-party foundry deals. The strategy focuses on securing external production contracts to capitalize on the expanding semiconductor market.

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Intel stock climbs 10% after Apple report

Written by Brie CarterPublished Jun 18, 2026, 3:44 PM

Intel shares surged after reports emerged that the company reached a preliminary agreement to manufacture processors for Apple.
The potential manufacturing tie-up drove the chipmaker's stock price up by 10% during Thursday trading.
The company's foundry arm is actively securing third-party customers to capitalize on increased industry demand for manufacturing capacity.

Intel (NASDAQ:INTC) stock increased 10% on Thursday following reports that Apple (NASDAQ:AAPL) agreed to use the chipmaker to manufacture its processors.

This contrasts with recent years when Apple (NASDAQ:AAPL) abandoned Intel (NASDAQ:INTC) components to design custom in-house chips.

Bernstein analyst Stacy Rasgon stated the preliminary agreement likely involves low-volume parts while the manufacturer proves its capabilities.

The manufacturer is also reportedly building 3 million Tensor Processing Units for Google (NASDAQ:GOOGL) amid expanded third-party production.

Current CEO Lip-Bu Tan continues the broader corporate turnaround effort by cutting costs and actively expanding the foundry business.

The company stated that increased demand for central processing units related to global artificial intelligence networks provides strong operational tailwinds.

Intel stock climbs 10% after Apple report

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