Jun 18, 2026 · 7 min
Intel stock surges on domestic chip manufacturing deal with Apple
Intel-Apple Deal; Smith and Wesson Rises; SpaceX Latest
The deal highlights a shifting semiconductor landscape as tech giants look to secure domestic supply chains despite rising component costs.
- 1Intel secured a major agreement to design and manufacture semiconductors domestically for Apple, sending its stock higher.
- 2Apple may raise consumer product prices due to the rising costs of memory and storage chips.
- 3Smith and Wesson posted strong quarterly earnings driven by robust handgun sales and new product lines.
Don't miss
Intel secures a major partnership to manufacture custom semiconductors domestically for Apple.
The brief
Intel shares surged after securing a major agreement to design and manufacture semiconductors domestically for Apple, marking a crucial step forward for U.S.-based chip production.
The partnership comes as Apple CEO Tim Cook warns of potential price hikes for consumer devices, driven by the rising costs of essential memory and storage chips.
Beyond tech, firearm manufacturer Smith and Wesson reported strong quarterly earnings, bolstered by resilient handgun sales and successful expansion into new product categories.
What was said on this episode
2 statements · 2 positive
Apple becoming an Intel customer could attract additional foundry business.
“landing Apple here as a customer really represents a massive win for intel and analysts say it could potentially attract additional new business to the chip maker”
Listen at 1:45
Smith & Wesson expects strong demand to continue beyond the current quarter.
“The company expects this strong demand to continue into the current quarter and beyond.”
Listen at 4:14
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
Featuring
Intel Corporation
Apple Inc.
Tim Cook
Smith & WessonListen to the full episode and explore every guest, topic, and moment on PodLume.