Apple CEO Tim Cook and US President Donald Trump at the Apple factory in Austin, Texas. Tom Brenner/Reuters US President Donald Trump stated on Thursday (18), in a post on the social network Truth Social, that Apple has agreed to work with Intel to design and manufacture chips on US soil. According to the Wall Street Journal, Intel and Apple reached a preliminary agreement for the manufacturing of certain chips after more than a year of negotiations. Apple and Intel have not yet commented on Trump's statement. The partnership helps Apple diversify its chip production supply chain.
Currently, the iPhone maker relies heavily on TSMC, whose most advanced manufacturing lines face high demand from artificial intelligence companies such as Nvidia and AMD. For Intel, a contract with Apple would guarantee steady demand from one of the world's largest consumer electronics companies. The deal could also boost the company's reputation and jumpstart its chipmaking business, which has lost ground to TSMC in recent years. Now on g1 Following the announcement, Intel shares rose about 6.5% in pre-market trading, tripling the company's year-to-date gains. Earlier this week, Intel reported that its new 18A manufacturing technology has entered initial production amid strong demand for its central processors. The potential deal comes as the Trump administration steps up efforts to strengthen the United States semiconductor supply chain and reduce dependence on China.
Last year, the administration acquired a 10% stake in Intel and announced plans to invest about $10 billion in the company to build or expand factories in the country. Trump previously stated that he "should have asked for more" equity stake in Intel, after the value of the government's share rose to more than $50 billion. Elon Musk becomes the first trillionaire in human history Brazilian National Team uniform for trip to the US turns into a meme on social media.
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