Trump Says Apple and Intel Will Partner on US Chip Design and Manufacturing
WASHINGTON — President Donald Trump announced on Thursday that Apple has agreed to partner with Intel to design and manufacture its chips in the United States, in what would mark a major victory for the American chipmaker’s turnaround efforts.
“Apple has agreed to work with Intel to design and build its Chips in America,” Trump wrote on his Truth Social platform. He described the move as part of a broader push to revive domestic semiconductor manufacturing, adding: “We design everything, but we need to build it here, now.”
Intel’s stock surged as much as 10% following the announcement, building on a 464% rally over the past year that has lifted the company’s market value past $600 billion. Apple shares also edged higher. Neither company has officially confirmed the deal or disclosed any terms.
The partnership would help Apple diversify its manufacturing footprint beyond Taiwan Semiconductor Manufacturing Company (TSMC), its primary chip supplier. Apple previously used Intel processors in its Mac laptops for about 15 years before switching to its own M‑series chips, manufactured by TSMC, in 2020.
A preliminary agreement for Intel to make some Apple‑designed chips was reportedly reached in May after more than a year of discussions. Thursday’s announcement follows other Trump‑brokered manufacturing deals, including collaborations with Nvidia and Elon Musk’s Terafab semiconductor project.
The US government holds a roughly 10% stake in Intel after making an $8.9 billion investment last August. Trump noted that Intel was valued at around $100 billion at the time and is now worth more than $600 billion, putting the government’s stake at over $60 billion.
For Apple, the deal comes as CEO Tim Cook warned this week that price hikes on its products are “unavoidable” due to rising costs for memory and storage chips. The partnership could help lock in steady demand from one of the world’s largest consumer electronics companies while boosting Intel’s foundry business, which has struggled to attract major outside customers.
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