After Nvidia And Tesla, Trump Confirms Apple Has Agreed To Build Chips With Intel Amid US Manufacturing Push: 'When Was The Last Time...'
Manufacturing, Supply Chain, Geopolitics
Positive
Apple has agreed to build chips in partnership with Intel, according to a statement from President Donald Trump. The announcement was made via Truth Social and positions Apple alongside Nvidia and Tesla as companies participating in a broader U.S. domestic semiconductor manufacturing initiative backed by the administration.
Trump framed the development as part of efforts to reverse the offshoring of chip production to Taiwan and other countries, citing the partnerships as evidence of progress in reshoring advanced manufacturing to American soil. No financial terms or production timelines were disclosed in the announcement.
Why it matters
A shift toward domestic chip manufacturing could meaningfully affect Apple's supply chain structure and cost profile, particularly given its long-standing reliance on TSMC in Taiwan. Investors will be watching for details on the scope, timeline, and financial commitments involved.
Key facts
Trump confirmed Apple has agreed to build chips in partnership with Intel • The announcement was made via Truth Social as part of a broader U.S. chip reshoring push • Nvidia and Tesla were also named as participants in similar domestic manufacturing partnerships • No specific financial terms or production timelines were disclosed