Today’s Tech News: Apple-Intel Deal, Amazon’s AI Chip Push, and Market Shifts
Here are the key tech headlines for June 19, 2026.
Intel Stock Surges on Apple Chip Partnership
Intel shares jumped 12% after former President Trump announced that Apple has agreed to collaborate with Intel to design and produce semiconductors domestically in the U.S. . This marks a significant potential win for Intel’s foundry business as it works to attract major clients and compete with TSMC. While any initial work might be incremental, analysts see this as a critical first step .
Amazon Challenges Nvidia with Its Own AI Chips
Amazon is looking to directly compete with Nvidia by selling its self-developed Trainium AI chips to other companies’ data centers. A senior executive confirmed the company is in talks with potential clients . This move could generate up to $50 billion in revenue for Amazon, as it joins Google in offering its custom silicon outside its own cloud services .
Market Reaction: Chip Stocks Rally, Indian IT Drops
The tech sector saw contrasting fortunes. The Philadelphia Semiconductor Index hit a record high, fueled by Intel, Micron, and SanDisk . However, Indian IT stocks like Infosys and TCS fell up to 8% after Accenture cut its revenue growth guidance, citing weaker demand .
Also in the News
· Reliance AGM: Investors are watching for updates on the Jio IPO timeline and new energy strategy at today’s annual meeting .
· Huawei in Pakistan: Huawei signed a partnership to develop a major data center and tech park in Pakistan .
