Trump says Apple to partner with Intel on US chip design, production
The deal could give Intel a boost as Apple seeks more chip capacity and less reliance on Taiwan-based TSMC, analysts said.
- On Thursday, President Donald Trump announced on Truth Social that Apple Inc. has agreed to work with Intel to design and manufacture chips in the United States, bolstering domestic semiconductor production.
- This collaboration provides Intel with consistent demand from one of the world's largest consumer electronics companies, revitalizing a manufacturing division that has recently lagged behind TSMC.
- Following the announcement, Intel stock rose around 9% in premarket trading, while the President noted Intel's value surged from about $100 billion to over $600 billion since the government's investment nine months ago.
- For Apple, the partnership offers critical diversification for its manufacturing base as it seeks additional chip capacity, reducing reliance on TSMC's production lines in high demand from AI chipmakers.
- Intel recently announced its new generation 18A manufacturing technology has entered initial production, aligning with administration efforts to secure U.S. supply chains and lessen dependence on China.
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Tim Cook Says iPhone Prices Will Rise. Trump Says Apple Will Manufacture Chips in the US with Intel.
By Jordan Valinsky President Donald Trump announced on Thursday that Intel has reached an agreement with Apple to start producing computer chips in the United States. “I decided to help Intel because we need to design and manufacture our chips right here in the United States,” Trump wrote in a social media post on Truth Social. Intel’s actions skyrocketed more than 9% in pre-market operations. The company declined to comment. This measure will h…
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