Just hours after Apple CEO Tim Cook said price hikes would be needed to cover the cost of microchips, the producers of those semiconductors pushed markets in South Korea and Taiwan to record highs.
The tech sector outperformed the S&P 500 by 29.7% over a 50-day trading period -- a "six-sigma" event. Not surprisingly, tech stocks have pulled back after such a huge run.
Intel shares jumped in premarket trade on Thursday as President Donald Trump said the foundry will produce chips for Apple in the U.S.
Outgoing Apple CEO Tim Cook warned that demand for memory chips from the artificial intelligence boom will force the tech giant to increase the prices of its products, according to an interview with T
Shares of Intel rose on Thursday after US President Donald Trump said Apple had agreed to work with the chipmaker to design and manufacture chips in the United States, potentially handing Intel's foun
Intel's stock surged in premarket trading on Thursday. The rally came after President Donald Trump said on Truth Social that the semiconductor company had agreed to a deal with Apple to design and bui
U.S. President ​Donald ‌Trump said ​in ​a Truth Social ⁠post ​on ​Thursday that Apple ​had ​agreed to work ‌with ⁠Intel to design ​and ​build ⁠its ​chips ​in ⁠the Uni
Apple plans to raise prices due to a surge in the costs of memory and storage chips, CEO Tim Cook told The Wall Street Journal (WSJ) in a report posted Wednesday (June 17).
Apple's Tim Cook warned of price hikes due to a global memory chip shortage, which is spiking costs. Rising demand for memory chips for AI models is squeezing supplies for everyday gadgets like phones
Apple Inc. (NASDAQ:AAPL) is preparing to raise prices across its product lineup after CEO Tim Cook acknowledged the company can no longer absorb skyrocketing costs for memory and storage components.
Apple plans to hike its prices, citing the rising costs of storage chips and memory, CEO Tim Cook says.
Tech giants are gobbling up memory chips for AI servers, leaving Apple with soaring component costs that Tim Cook says will inevitably be passed on to consumers.

Apple Reveals Plans to Raise Prices

05:27pm, Wednesday, 17'th Jun 2026
Plus, more Fed officials signal a rate increase is coming soon, and pool owners feel blue about the color blue.
Apple plans to raise prices ​on its products to offset ‌increasing memory and storage chip costs, CEO Tim Cook told the Wall Street ​Journal in an interview.
The memory-chip crunch is pushing up prices for all electronics. Even Apple, which dominates the supply chain, isn't spared.
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