Intel Foundry (Apple), Apple Price Increases, Everpure Accelerate, & More—Headline Review (Semis & IT Hardware)

研报英文原文证据摘录

Intel Foundry (Apple), Apple Price Increases, Everpure Accelerate, & More—Headline Review (Semis & IT Hardware)

Equity Research

Flash Comment — June 18, 2026

IT Hardware & Communications Networking

Semiconductors

Intel Foundry (Apple), Apple Price Increases,

Everpure Accelerate, & More—Headline

Review (Semis & IT Hardware)

Our Call Aaron Rakers, CFA

In an effort to try to keep pace with the rapid news flow across our Semiconductor & IT Equity Analyst | Wells Fargo Securities, LLC

Aaron.Rakers@wellsfargo.com | 314-875-2508

Hardware universe, we summarize a few of the key headlines we saw this morning.

Michael Tsvetanov, CFA

Associate Equity Analyst | Wells Fargo Securities, LLC

Initial Thoughts Michael.Tsvetanov@wellsfargo.com | 314-875-2558

Richard Strifler, CFA

1. Intel Foundry + Apple Drumbeat Continues - President Trump Cites Deal Associate Equity Analyst | Wells Fargo Securities, LLC

Richard.Strifler@wellsfargo.com | 314-875-3234

• Overnight, President Trump posted on Truth Social citing "Apple has agreed to

work with Intel to design and build its Chips in America". While neither company has

commented, we see this as a driver of increasing confidence in a partnership following

prior reports of preliminary deal agreements.

• We remain focused on 1. Which chips the deal could be for - prior reports cite Apple

utilizing Intel 18A-P for M-series (Mac).

• 2. Timing (no indications), in which we would assume late 2027-2028 timeframe. As a

reminder, Intel just announced its entry to risk product on 18A-P, & is focused on 14A

risk production in 2028 w/ volume in 2029. 3. Deal size (no indications), we would note

that Apple accounted for ~17% of TSMC's 2025 revenue, or ~$20.7B; Apple falling

to #2 customer in 2025 behind NVIDIA (~19% of TSMC's 2025 rev.). Intel's ability to