US President Trump says Apple to work with Intel to manufacture chips in US

U.S. President Donald Trump said in a Truth Social post on Thursday that Apple has agreed to work with Intel to design and manufacture its chips in the United States.

A partnership with Intel helps Apple diversify its manufacturing base as it seeks ‌additional chip ⁠capacity. ⁠The iPhone maker relies heavily on TSMC, whose advanced production lines are in high demand from AI chipmakers such as Nvidia and AMD.

Intel shares rose about 6.5% in premarket trading, extending a roughly threefold gain so far this year.


Intel reached a preliminary deal to make some chips for Apple after more than a year ⁠of discussions, the ‌Wall Street Journal reported in May.

Apple and Intel did not immediately respond to a Reuters' request for comments ⁠outside regular business hours.

An Apple contract gives Intel a steady demand from one of the world's largest consumer electronics companies, boosting both its reputation and a manufacturing business that has lagged TSMC in recent years.

Earlier this week, Intel said a new generation of its manufacturing tech 18A has entered its initial production, as the chipmaker sees strong demand ‌for its central processors.

Last year, the Trump administration took a 10% stake in Intel and announced plans to invest roughly $10 billion in ⁠the chipmaker to build or expand U.S. factories.

Trump previously said he "should have asked for more" of a stake in Intel, eight months after the government's Intel position grew to be worth more than $50 billion.

The administration has been stepping up efforts to secure U.S. supply chains for critical minerals and semiconductors, including taking equity stakes in companies to reduce reliance on China.