Intel shares jump after Trump says Apple will work with chipmaker on US production
Supply Chain, Semiconductors, Manufacturing
Neutral
Apple has reportedly agreed to work with Intel to design and manufacture chips in the United States, according to a statement made by President Donald Trump on Truth Social. The announcement signals a potential shift in Apple's chip supply chain strategy, which has historically relied on partners such as TSMC for production.
The news triggered a significant rally in Intel's shares during early Thursday trading. For Apple, the development suggests the company may be deepening its commitment to domestic semiconductor production, a move that aligns with broader US industrial policy goals around reducing reliance on overseas chip manufacturing.
Why it matters
A partnership with Intel for US-based chip design and manufacturing could affect Apple's supply chain costs, product roadmap, and its relationships with existing foundry partners. It also positions Apple as a participant in US semiconductor policy, which may carry regulatory and reputational implications.
Key facts
President Trump announced on Truth Social that Apple agreed to work with Intel on US chip design and manufacturing. • Intel shares rose sharply in early Thursday trading following the announcement. • The reported collaboration would involve domestic chip production in the United States. • Apple has not historically used Intel as a chip manufacturing partner in its consumer product lines.