Trump says Intel will make chips for Apple in a major win for U.S. manufacturing
President Donald Trump announced on Thursday that Apple will partner with Intel to design and produce chips within the United States. The deal is intended to support Intel's business turnaround and strengthen domestic manufacturing. Intel shares rose following the news.
What changed
The update specifies that the announcement occurred on Thursday and includes the current value of the government's stake in Intel.
Live updates
-
Trump Announces Apple and Intel Partnership for U.S. Chip Production
confidence 95%President Donald Trump announced on Thursday that Apple will partner with Intel to design and produce chips within the United States. The deal is intended to support Intel's business turnaround and strengthen domestic manufacturing. Intel shares rose following the news.
What's confirmed:
- Apple agreed to work with Intel on designing and producing chips in the U.S.
- Intel stock prices increased after the announcement.
Still unconfirmed:
- The U.S. government's 10% stake in Intel is worth $60 billion.
-
Trump Announces Apple and Intel Partnership for U.S. Chip Production
confidence 90%President Donald Trump announced that Apple will partner with Intel to design and manufacture computer chips within the United States. The deal aims to strengthen domestic semiconductor production and supply chain resilience. Intel shares rose following the announcement.
What's confirmed:
- President Trump announced that Apple will partner with Intel on chip design and production in the U.S.
- Intel shares rose after the partnership announcement.
Still unconfirmed:
- Apple will use Intel 18A-P process for lower-end chips only and not flagship silicon.
- Tim Cook stated that iPhone prices will rise.
- Intel stock climbed 10.5% on June 18.