Apple and Intel Collaboration Announcement

President Donald Trump announced on Thursday that Apple will collaborate with Intel on developing and producing chips within the United States.

Trump shared on Truth Social, “When I won my second term, it became evident that America needed to bring the semiconductor industry back home. We design everything, yet we must be manufacturing it here, and now! Thus, I decided to support Intel as it’s crucial for us to create and produce chips right in America.”

This partnership may allow Apple to diversify its manufacturing process and increase chip production. Currently, Apple depends significantly on Taiwan Semiconductor Manufacturing Company, known for its advanced manufacturing capabilities that cater to high demands from AI chip producers like Nvidia and AMD.

Apple’s CEO Comments on Rising Chip Prices

Following Trump’s announcement, Intel’s shares saw an increase during premarket trading. Trump emphasized, “The technology the world relies on was created in America. We all recall ‘Intel Inside.’ Past presidents have foolishly taken our economy for granted, allowing Taiwan and others to take over our semiconductor factories.”

After lengthy discussions over the past year, Intel and Apple seem to have reached a preliminary agreement to produce some chips together. However, details regarding which chips or products will be involved remain undisclosed.

Despite Intel’s operations lagging behind TSMC recently, this deal with Apple is expected to provide Intel with consistent demand from leading consumer electronics manufacturers.

Earlier this week, Intel announced that its forthcoming manufacturing technology, 18A-P, has begun early production as the company strives to meet the growing demand for advanced processors.

Last year, the Trump administration acquired an approximately 10% stake in Intel, announcing plans to invest billions into the chipmaker to expand or build factories in the U.S.

Trump remarked that he “should have asked for more” of Intel’s stock, noting that it has become more valuable over time. Moreover, the administration has accelerated efforts to secure U.S. supply chains for essential minerals and semiconductors, including acquiring stakes in firms to diminish dependence on China.