Apple secures tariff exemption by partnering with Intel for US chip production
Tim Cook's direct negotiations with the Trump administration yielded a deal that commits Apple to $600 billion in domestic investment over four years
Apple Inc. (AAPL) price
Full chart and statsLoading chart…
- Last close
- $344
- Close-to-close change
- −1.1%
- Market cap
- Unavailable: the share count source keeps no filing date
- P/E (trailing)
- Unavailable: trailing earnings keep no period or filing date
- Annual revenue
- Unavailable: no annual filing figure
- Annual revenue growth
- Unavailable: no annual filing figure
- Annual net income
- Unavailable: no annual filing figure
- Annual operating margin
- Unavailable
- Forward P/E
- Unavailable: no dated forecast source
Gloria daily close for session Oct 26, 2026. Market cap and trailing P/E use this close with the SEC share total and trailing diluted earnings, each dated next to its figure. Annual revenue, revenue growth, net income and margin show their own fiscal period and link the 10-K. Current context may postdate this article.
Token vs underlying stock
Current comparison for AAPL. Historical observations may postdate this article.
AAPLx token unit vs AAPL share · USD
+13.5% over displayed period
● AAPLx token┄ AAPL stock: $343.91
Source: CoinGecko + Gloria · Retrieved Oct 27, 23:10 UTC · Delayed
Methodology and data
Split-adjusted regular-session stock closes from the existing Gloria shared history, paired only with an observed token price within 45 minutes of 16:00 New York time. Up to 60 matched sessions. No interpolation or missing-date fill. Weekends and known early closes are omitted. Token units are not adjusted for issuer multipliers or dividend treatment. This compares quoted prices, not fair value, executable premiums or arbitrage returns. Solid line: token. Dashed line: stock. Exact quote times and values appear below. Historical observations. Retrieval refers to the token source. Token quote times use UTC. The fixed cohort shows its oldest member fetch.
| Date (UTC) | Token (USD) | Stock close (USD) | Token quote (UTC) |
|---|---|---|---|
| 2026-08-03 | 303.91 | 303.42 | 2026-08-03 20:00 |
| 2026-08-04 | 310.34 | 309.38 | 2026-08-04 20:00 |
| 2026-08-05 | 311.72 | 311.00 | 2026-08-05 20:00 |
| 2026-08-06 | 312.78 | 312.41 | 2026-08-06 20:00 |
| 2026-08-07 | 313.83 | 313.33 | 2026-08-07 20:00 |
| 2026-08-10 | 308.62 | 308.26 | 2026-08-10 20:00 |
| 2026-08-11 | 305.37 | 304.91 | 2026-08-11 20:00 |
| 2026-08-12 | 302.83 | 302.25 | 2026-08-12 20:00 |
| 2026-08-13 | 305.79 | 305.26 | 2026-08-13 20:00 |
| 2026-08-14 | 306.96 | 305.93 | 2026-08-14 20:00 |
| 2026-08-17 | 306.25 | 305.59 | 2026-08-17 20:00 |
| 2026-08-18 | 311.31 | 310.03 | 2026-08-18 20:00 |
| 2026-08-19 | 317.34 | 316.83 | 2026-08-19 20:00 |
| 2026-08-20 | 311.74 | 311.30 | 2026-08-20 20:00 |
| 2026-08-21 | 310.51 | 309.35 | 2026-08-21 20:00 |
| 2026-08-24 | 311.44 | 310.34 | 2026-08-24 20:00 |
| 2026-08-25 | 310.87 | 309.90 | 2026-08-25 20:00 |
| 2026-08-26 | 314.52 | 313.45 | 2026-08-26 20:00 |
| 2026-08-27 | 315.05 | 314.58 | 2026-08-27 20:00 |
| 2026-08-28 | 320.36 | 319.70 | 2026-08-28 20:00 |
| 2026-08-31 | 317.65 | 316.85 | 2026-08-31 20:00 |
| 2026-09-01 | 325.59 | 325.13 | 2026-09-01 20:00 |
| 2026-09-02 | 325.80 | 324.96 | 2026-09-02 20:00 |
| 2026-09-03 | 329.13 | 328.21 | 2026-09-03 20:00 |
| 2026-09-04 | 321.11 | 319.97 | 2026-09-04 20:00 |
| 2026-09-08 | 316.85 | 316.22 | 2026-09-08 20:00 |
| 2026-09-09 | 316.30 | 315.34 | 2026-09-09 20:00 |
| 2026-09-10 | 327.20 | 326.57 | 2026-09-10 20:00 |
| 2026-09-11 | 333.36 | 332.27 | 2026-09-11 20:00 |
| 2026-09-14 | 334.25 | 333.08 | 2026-09-14 20:00 |
| 2026-09-15 | 331.88 | 331.34 | 2026-09-15 20:00 |
| 2026-09-16 | 333.36 | 332.41 | 2026-09-16 20:00 |
| 2026-09-17 | 337.97 | 337.00 | 2026-09-17 20:00 |
| 2026-09-18 | 337.26 | 336.13 | 2026-09-18 20:00 |
| 2026-09-21 | 340.11 | 338.98 | 2026-09-21 20:00 |
| 2026-09-22 | 340.64 | 339.75 | 2026-09-22 20:00 |
| 2026-09-23 | 337.57 | 337.02 | 2026-09-23 20:00 |
| 2026-09-24 | 337.27 | 335.92 | 2026-09-24 20:00 |
| 2026-09-25 | 341.92 | 341.07 | 2026-09-25 20:00 |
| 2026-09-28 | 339.71 | 338.40 | 2026-09-28 20:00 |
| 2026-09-29 | 330.45 | 329.40 | 2026-09-29 20:00 |
| 2026-09-30 | 334.56 | 333.02 | 2026-09-30 20:00 |
| 2026-10-01 | 331.46 | 330.32 | 2026-10-01 20:00 |
| 2026-10-02 | 334.68 | 333.69 | 2026-10-02 20:00 |
| 2026-10-05 | 333.54 | 332.89 | 2026-10-05 20:00 |
| 2026-10-06 | 334.55 | 333.63 | 2026-10-06 20:00 |
| 2026-10-07 | 337.28 | 336.67 | 2026-10-07 20:00 |
| 2026-10-08 | 341.31 | 340.42 | 2026-10-08 20:00 |
| 2026-10-09 | 337.58 | 336.64 | 2026-10-09 20:00 |
| 2026-10-12 | 341.95 | 340.97 | 2026-10-12 20:00 |
| 2026-10-13 | 342.44 | 341.27 | 2026-10-13 20:00 |
| 2026-10-14 | 344.06 | 342.96 | 2026-10-14 20:00 |
| 2026-10-15 | 343.24 | 342.00 | 2026-10-15 20:00 |
| 2026-10-16 | 344.31 | 343.46 | 2026-10-16 20:00 |
| 2026-10-19 | 344.18 | 342.94 | 2026-10-19 20:00 |
| 2026-10-20 | 340.65 | 339.50 | 2026-10-20 20:00 |
| 2026-10-21 | 344.81 | 343.99 | 2026-10-21 20:00 |
| 2026-10-22 | 349.21 | 348.22 | 2026-10-22 20:00 |
| 2026-10-23 | 348.46 | 347.73 | 2026-10-23 20:00 |
| 2026-10-26 | 344.87 | 343.91 | 2026-10-26 20:00 |
Stock history: Gloria · Retrieved Oct 27, 00:32 UTC. Token history: CoinGecko AAPLx.
Quoted token and share units can have different rights, multipliers and dividend treatment. This is not an executable premium or arbitrage signal.
Apple secured an exemption from President Trump’s 100% tariffs on imported semiconductors by agreeing to shift some of its chip production to Intel’s US facilities, a deal brokered through direct negotiations between CEO Tim Cook, Trump, and Commerce Secretary Howard Lutnick.
The arrangement is part of Apple’s broader commitment to invest $600 billion in the US over four years.
How the deal came together
In August 2025, Trump announced 100% tariffs on imported semiconductors. The policy included a carve-out: companies that committed to US manufacturing could earn exemptions.
The preliminary Apple-Intel manufacturing agreement was reached by roughly May or June 2026, with production ramp-up expected to take two to three years.
AI, tech, and the markets they move—in one daily briefing.
Daily. Free. Join 34,000+ readers across crypto, finance, and policy.
Apple’s commitment isn’t limited to Intel either. The company also entered a partnership with Broadcom valued at over $30 billion for US-made chip production, a deal expected to yield 15 billion chips and create hundreds of jobs.
The Intel angle and what it means for both companies
The US government invested approximately $8.9 to $9 billion in Intel for about a 10% equity stake as part of the CHIPS Act in August 2025.
The two-to-three-year production timeline means this deal’s full impact won’t materialize until roughly 2028 or 2029.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

