US President Donald Trump announced on June 18 that Apple will partner with Intel to design and manufacture chips in the United States [1, 2, 3, 4, 5, 6, 7]. Trump said, "I decided to help Intel because we need to design and build our Chips right here in America. Apple has agreed to work with Intel to design and build its Chips in America" [3].
The partnership aims to reduce Apple's reliance on Taiwan Semiconductor Manufacturing Co, which faces heavy demand from AI chipmakers like Nvidia and AMD [1, 2, 3, 6]. After over a year of discussions, Intel reached a preliminary deal to produce some chips for Apple [1, 2, 6].
The Trump administration acquired a 10% stake in Intel in 2025 and planned about US$10 billion in investments to build or expand US chip factories [1, 2, 5, 6, 7]. Trump claimed the US government's valuation of its Intel stake increased from about US$100 billion to over US$600 billion, a gain of more than US$500 billion [5, 7].
Trump also said Nvidia and a SpaceX-related team led by Elon Musk will collaborate with Intel on chip production and design in the US [5, 7]. He criticized Taiwan and other countries for "stealing" US semiconductor factories and advocated using tariffs to protect the US industry [5, 7].
Intel shares jumped around 10-12% following the announcement, reaching record highs near US$135.48 [3, 8, 9, 10, 7]. US tech and semiconductor stocks rallied broadly on June 18, helped by the chip news and a US-Iran temporary peace agreement [8, 11, 9, 12, 10].
The Trump administration's investment in Intel and the Apple-Intel partnership mark a push to rebuild US chip manufacturing capacity and secure supply chains during growing global competition and demand for AI chips.
Intel's plans to produce chips for Apple will advance over the coming months following the June 18 announcement [1, 2, 6].
