Trump touts Intel-Apple chip pact as a milestone for U.S. manufacturing

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Source: Yahoo Finance
Trump touts Intel-Apple chip pact as a milestone for U.S. manufacturing
Photo: Yahoo Finance
TL;DR Summary

President Donald Trump announced that Apple will work with Intel to design and manufacture chips in the United States, a potential landmark for Intel’s foundry push and domestic production. While Apple and Intel have not publicly confirmed the specifics, the deal fits into the administration’s drive to bolster U.S. chip supply and follows government backing, including Intel’s 10% stake and about $10 billion planned for U.S. semiconductor facilities. Intel’s progress on its 18A process and ongoing talks with other big buyers like Tesla and Nvidia add context to the potential impact of Apple joining Intel Foundry Services.

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