U.S. President Donald Trump said on Wednesday that Apple Inc has agreed to work with Intel Corporation to design and build its chips in the United States, characterizing the arrangement as part of a governmental initiative to boost domestic manufacturing of semiconductors. The president made the announcement in a social media post but did not provide technical, contractual, or timeline details.
In the post, the president framed the Apple-Intel collaboration as aligned with his administration's objective of bringing semiconductor production back to U.S. soil. He cited related partnerships involving Intel - including collaborations with Nvidia and with a venture linked to Elon Musk called TerraFab - as components of a wider push to expand domestic chipmaking capacity.
The president also asserted that the governments 10% stake in Intel had increased in value from $10 billion to $60 billion since the stake was taken earlier in the year. The social media statement did not include supporting documentation or a breakdown of how that valuation change was calculated.
Earlier reporting, referenced in the announcement, indicated that Intel and Apple had reached a preliminary agreement in early May to develop chips for Apples devices. The presidents comments did not add concrete specifics beyond those preliminary reports.
The article notes that Intel, once regarded as the industry leader in semiconductor fabrication, has trailed companies such as TSMC and Samsung in developing advanced foundry capabilities. The gap in foundry competitiveness widened amid the surge in demand related to artificial intelligence workloads, according to the account.
Trump has repeatedly positioned Intel at the center of efforts to restore a stronger U.S. footprint in chip manufacturing. Separate reports mentioned that Intel has started production of its most advanced node, the 18A-P, as the company seeks to regain competitiveness in the foundry sector.
Market context noted in the report
- The article included market movement data for the companies mentioned, showing Intel with a positive intraday move and Apple with a negative intraday move in the same reporting frame.
- No additional financial breakdowns, contractual terms, or timelines were provided by the president's announcement.