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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93 Articles
Apple to Partner With Intel on US Chip Manufacturing: Trump
President Donald Trump said on June 18 that Apple will partner with semiconductor maker Intel to design and manufacture computer chips in the United States. In an overnight Truth Social post, the president stated that the global economy relies on technology made in the United States, but prior presidents have failed to protect domestic industries with tariffs. “Stupid Presidents took our Economy for granted, and let Taiwan and others steal our S…
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Chipmaker Intel rose sharply on New York stock exchanges on Thursday following remarks by Donald Trump. According to the US president, Apple has agreed to design and produce its chips together with Intel in the United States. Trump provided no further details about the collaboration. The US government already invested billions in Intel last year to stimulate domestic chip production.
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