President Donald Trump announced via Truth Social on Thursday that Apple has agreed to collaborate with Intel on the design and production of chips within the United States. This development aligns with the administration’s broader strategy to bolster the domestic semiconductor industry and decrease reliance on China.
“When I won my Second Term, it was clear America needed its Semiconductor Industry to come back to the U.S.A. We design everything, but we need to BUILD it here, NOW! So I decided to help Intel because we need to design and build our Chips right here in America,” Trump stated.
The potential partnership could offer Apple a way to diversify its manufacturing operations. Currently, the tech giant heavily depends on Taiwan Semiconductor Manufacturing Company (TSMC), which operates advanced production facilities in high demand from leading AI chipmakers.
Intel’s stock saw an increase in premarket trading following the president’s announcement. Trump also remarked, “The Technology the World relies on was invented in America. We all remember ‘Intel Inside.’ Stupid Presidents took our Economy for granted, and let Taiwan and others steal our Semiconductor Factories.”
Reports suggest that Intel and Apple have reached a preliminary agreement for Intel to manufacture some of Apple’s chips, following over a year of discussions. Specific details regarding the chips or products involved have not yet been publicly disclosed by either company.
For Intel, a contract with Apple could provide a stable demand stream from a major consumer electronics company. This comes as Intel works to regain ground in manufacturing technology, recently announcing that a new generation of its manufacturing technology, 18A-P, has entered initial production.
The Trump administration had previously taken a roughly 10% stake in Intel last year and committed to investing billions of dollars to support the expansion or construction of factories in the U.S. Trump had also commented that he “should have asked for more” of a stake in Intel as its value increased.
The administration’s efforts to secure U.S. supply chains for critical minerals and semiconductors include taking equity stakes in companies as a means to reduce dependence on China.
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