Trump Announces Apple-Intel Partnership for US Chip Manufacturing
On June 18, 2026, President Donald Trump announced via Truth Social that Apple will partner with Intel to design and manufacture chips in the United States, aiming to reshore semiconductor production and reduce reliance on Taiwan’s TSMC. Intel shares surged up to 9%, while Apple shares rose modestly. Neither company has confirmed the deal, and analysts suggest it may involve lower-volume chips rather than flagship processors. The announcement aligns with Trump’s industrial policy and U.S. government efforts to boost domestic chip independence.
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Trump Confirms Apple Agrees to Build Chips with Intel Amid US Manufacturing Push
President Donald Trump announced via Truth Social that Apple Inc. has agreed to design and build its chips with Intel Corporation in the United States, joining Nvidia and Tesla in a domestic semiconductor manufacturing push. The announcement follows a Wall Street Journal report in May suggesting a preliminary deal between Apple and Intel to reduce reliance on Taiwan Semiconductor Manufacturing Co. Trump highlighted that Intel's market value has risen from about $100 billion to over $600 billion since the U.S. investment nine months ago, generating a significant return for the U.S. government's 9.9% passive stake in Intel acquired through CHIPS Act funding. Additionally, Intel's 18A-P semiconductor node entered risk production, aligning with its advanced manufacturing timeline. The specific Apple products to use Intel-made chips remains undisclosed.
Yahoo FinanceTrump says Apple to work with Intel to manufacture chips in U.S.
U.S. President Donald Trump announced on Truth Social on June 18, 2026, that Apple has agreed to collaborate with Intel to design and manufacture its chips in the United States. This follows a Wall Street Journal report in May that Intel had reached a preliminary deal with Apple after over a year of discussions. The move would help Apple diversify its chip manufacturing base away from its heavy reliance on Taiwan's TSMC, whose advanced production lines are in high demand from AI chipmakers like Nvidia and AMD. Apple and Intel did not immediately respond to requests for comment outside regular business hours.
The Hindu: Latest News today from India and the World, Breaking news, Top Headlines and Trending News Videos.Trump announces Apple-Intel US chip design and production partnership
President Donald Trump announced on June 18, 2026, that Apple has agreed to partner with Intel on designing and producing chips in the United States. The announcement, made via Truth Social, is part of Trump's broader push to revive domestic semiconductor manufacturing. The partnership would help Apple diversify its manufacturing base away from its heavy reliance on Taiwan Semiconductor Manufacturing Company (TSMC), which faces high demand from AI chipmakers like Nvidia and AMD. Intel shares rose over 10% in premarket trading following the news. Reports indicate Intel reached a preliminary agreement with Apple after more than a year of talks, though specific chips or products were not disclosed. The Trump administration previously took a roughly 10% stake in Intel and announced plans to invest billions in expanding U.S. factories. The deal would provide Intel with steady demand from a major consumer electronics company as it works to regain manufacturing competitiveness against TSMC.
Yahoo FinanceIntel shares surge after Trump touts deal with Apple
Intel shares surged 11% on Thursday after President Trump announced on Truth Social that Apple had agreed to collaborate with Intel to design and manufacture chips in the United States. This marks a significant milestone in Intel's turnaround strategy under CEO Lip-Bu Tan, as the company pivots to become a chip foundry for external clients. The deal is seen as a potential first step for Intel to supply Apple with low-end PC components, though it must prove its manufacturing capabilities before winning larger contracts. The move comes amid a global chip shortage that is driving up device prices, with Apple CEO Tim Cook warning of 'unsustainable' memory and storage chip costs. Intel's stock has risen roughly sixfold over the past year, boosting the company's market value to $670 billion and enriching the U.S. Treasury by over $60 billion due to the government's 10% stake in Intel.
Yahoo FinanceTrump Announces Apple-Intel Partnership for U.S. Chip Design and Manufacturing
President Trump announced that Apple has agreed to partner with Intel to design and build chips in the United States. The announcement caused Intel's shares to rise 11%, hitting a record high. Intel CEO Lip-Bu Tan has been cultivating a relationship with Trump since the federal government acquired a 10% stake in the company last year. The deal marks a significant step in Trump's push to bring semiconductor manufacturing back to the U.S., with Apple as a key partner. The news was reported by Yahoo Finance via a Heard on the Street Staff article originally from the Wall Street Journal, dated June 18, 2026.
Yahoo FinanceIntel Stock Surges on Unconfirmed Apple Chip Deal and AI Demand
Intel stock rose sharply on Thursday, gaining up to 11.8%, following reports that the chipmaker secured a major deal with Apple. According to a Truth Social post by President Trump, Apple has agreed to collaborate with Intel to design and manufacture chips in the United States. This potential partnership, though unconfirmed by Apple or Intel, aligns with Intel's ongoing turnaround efforts under CEO Lip-Bu Tan, which focus on attracting high-profile foundry clients. Additionally, an unconfirmed report suggests Alphabet ordered 3 million Tensor Processing Units (TPUs) from Intel for AI workloads. Intel shares have surged 257% in 2026 amid AI enthusiasm, but the company remains unprofitable and trades at 122 times forward earnings, raising valuation concerns.
Yahoo FinanceIntel stock soars on reported Apple deal as turnaround continues to pay off
Intel stock surged 10% on June 18, 2026, after President Trump posted on Truth Social that Apple agreed to work with Intel to build processors. This follows a Wall Street Journal report of a preliminary chip-making agreement between the two companies. The deal is seen as part of Intel's broader turnaround under CEO Lip-Bu Tan, continuing the work of former CEO Pat Gelsinger. Bernstein analyst Stacy Rasgon noted the initial focus would likely be on low-volume parts. Intel also recently started production of its 18A-P processor, and is reportedly building TPUs for Google while Nvidia explores Intel as a fabrication partner. The AI boom and TSMC's capacity constraints are driving fabless chip companies to Intel. The stock has risen over 250% year-to-date and 500% over the past 12 months.
Yahoo FinanceIntel shares jump after Trump says Apple will work with chipmaker on US production
Intel shares surged approximately 8% in early trading on June 18, 2026, after U.S. President Donald Trump announced on Truth Social that Apple had agreed to collaborate with Intel to design and manufacture chips in the United States. Trump stated he decided to support Intel to ensure domestic chip production, also mentioning efforts involving Nvidia and Elon Musk's Terafab venture. Neither Apple nor Intel has officially commented. Wedbush analysts noted that a formal partnership would be a significant endorsement for Intel's foundry business, though they cautioned the arrangement appears preliminary. They suggested Apple's production at Intel would likely involve mature or lower-end silicon, with flagship processors still expected to be made by TSMC. The analysts maintained an 'Outperform' rating on Apple shares, which rose 1% to $299.
Yahoo FinanceIntel shares surge after Trump says Apple will partner on US chip production
Intel shares jumped about 8% in early trading on June 18, 2026, after US President Donald Trump announced on Truth Social that Apple had agreed to work with Intel to design and manufacture chips in the United States. Trump stated he decided to support Intel because 'we need to design and build our Chips right here in America.' Neither Apple nor Intel has publicly commented on the reported agreement. Wedbush analysts noted that a formalized partnership would be a significant endorsement of Intel's foundry business, but cautioned that the arrangement appears preliminary and likely involves mature or lower-end silicon rather than flagship Apple processors, which are expected to remain with TSMC. The analysts said the deal would help Apple diversify its manufacturing footprint and support Intel's turnaround strategy under CEO Lip-Bu Tan, though Intel's benefit depends on manufacturing yields and execution.
Yahoo FinanceTrump Announces Apple-Intel Partnership for US Chip Design and Production
President Trump announced early Thursday via Truth Social that Apple will partner with Intel to design and manufacture semiconductor chips in the United States. The announcement aligns with the White House's broader push to reshore manufacturing and reduce reliance on foreign chip production. Trump emphasized that while US companies design everything, they must also build domestically, particularly in the critical semiconductor sector. The partnership is seen as a strategic move to bolster US chip independence and create jobs, though specific details on timelines, investment, or chip types were not disclosed in the initial post. The Hill reported the story as part of ongoing coverage of Trump's industrial policy efforts.
Just In NewsTrump Claims Apple Agreed to Build Chips with Intel; No Confirmation from Companies
President Donald Trump announced on Truth Social that Apple has agreed to work with Intel to design and build chips in the United States, as part of his administration's push to reshore semiconductor manufacturing. Neither Apple nor Intel has confirmed the deal. Intel shares surged up to 9% in premarket trading. The article notes that any arrangement would be a foundry deal, with Intel manufacturing chips Apple designs in-house, not a return to Intel-designed processors. Apple remains dependent on TSMC for flagship products, but could use Intel for lower-volume parts like the M7 SoC for MacBook Air and entry-level iPad Pro, with mass production targeted for late 2027. Intel's 18A-P process recently entered risk production, and the company has yet to confirm a leading-edge customer. The U.S. government holds a 10% stake in Intel.
Latest from Tom's HardwareTrump Claims Apple Agreed to Build Chips with Intel; No Confirmation from Companies
President Donald Trump announced on Truth Social that Apple has agreed to work with Intel to design and build chips in the United States, as part of his administration's push to reshore semiconductor manufacturing. Neither Apple nor Intel has confirmed the deal. Intel shares surged up to 9% in premarket trading. The article notes that any arrangement would be a foundry deal, with Intel manufacturing chips Apple designs in-house, not a return to Intel-designed processors. Analysts suggest Apple may use Intel's 18A-P process for lower-volume parts like the M7 SoC for MacBook Air and entry-level iPad Pro, with mass production targeted for late 2027. Intel's 18A-P process recently entered risk production. The U.S. government holds a 10% stake in Intel.
Latest from Tom's HardwareIntel Shares Surge After Trump Says Apple Will Partner on US Chip Production
Intel Corporation shares jumped over 8% in premarket trading on June 18, 2026, after U.S. President Donald Trump announced that Apple Inc. has agreed to collaborate with Intel on designing and manufacturing semiconductors in the United States. Trump made the statement in a social media post, framing it as part of a broader strategy to strengthen domestic chip production and reduce reliance on overseas manufacturing. He also highlighted Intel's partnerships with Nvidia and Elon Musk's TerraFab venture. Trump noted that the U.S. government's 10% stake in Intel had increased in value from approximately $10 billion to $60 billion. The announcement follows a Wall Street Journal report that Apple and Intel reached a preliminary agreement in early May to collaborate on chips for future Apple devices. Intel is working to rebuild its foundry leadership after falling behind TSMC and Samsung, and has recently begun producing chips using its advanced 18A-P process technology.
Yahoo FinanceIntel Stock Surges on Apple Partnership for US Chip Production
Intel shares rose nearly 10% in premarket trading after President Trump announced that Apple has agreed to collaborate with Intel to design and build chips in the United States. This follows a preliminary agreement between Apple and Intel reported in May, which would have Intel manufacture some chips for Apple devices after more than a year of intensive negotiations. The stock is on track to hit an all-time high, having already surged fourfold since the U.S. government took a 10% stake in Intel last year. The partnership marks a significant step in onshoring semiconductor production for Apple, one of the world's largest chip buyers.
Yahoo FinanceIntel surges 9% after Trump says company will partner with Apple on US chip design
Intel's stock rose approximately 9% in premarket trading on June 18, 2026, after President Donald Trump announced on Truth Social that the semiconductor company had agreed to a deal with Apple to design and build chips in the United States. Trump criticized previous administrations for allowing semiconductor factories to move overseas, particularly to Taiwan. The rally extends Intel's recent recovery, with the stock surging 464% over the past 12 months and reaching a market capitalization of $608.7 billion. Apple shares also rose 0.6% in premarket trading. CNBC has contacted both Intel and Apple for comment. The announcement marks a significant development in US semiconductor manufacturing and reshoring efforts.
US Top News and AnalysisTrump says Apple to work with Intel to manufacture chips in U.S.
U.S. President Donald Trump announced via Truth Social on June 18, 2026, that Apple has agreed to collaborate with Intel to design and manufacture its chips in the United States. This follows a Wall Street Journal report from May indicating Intel had reached a preliminary deal with Apple after over a year of discussions. The move is seen as part of Apple's strategy to diversify its manufacturing base and secure more chip capacity, reducing its heavy reliance on TSMC, whose advanced production lines are in high demand from AI chipmakers like Nvidia and AMD. Neither Apple nor Intel immediately responded to Reuters' requests for comment outside regular business hours. The announcement aligns with Trump's push for domestic semiconductor production.
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