President Donald Trump said Thursday that Apple will work with Intel to design and manufacture chips in the United States, a development that could have significant implications for the U.S. semiconductor industry.
Trump made the announcement in a post on Truth Social. As of Thursday morning, neither Apple nor Intel had publicly released detailed information regarding the scope, timing, or specific terms of the reported arrangement.
The announcement follows earlier reports that Apple and Intel had been discussing potential manufacturing cooperation. Apple currently relies primarily on Taiwan Semiconductor Manufacturing Co. (TSMC) to produce the custom chips used in its devices.
Investors responded positively to Trump's statement. Intel shares rose sharply in premarket trading following the announcement, reflecting investor optimism about the possibility of Intel securing business from one of the world's largest technology companies.
The reported partnership comes amid ongoing efforts to expand semiconductor manufacturing capacity within the United States. Policymakers from both parties have emphasized the importance of increasing domestic chip production to strengthen supply-chain resilience and reduce dependence on foreign manufacturing.
At this time, the key confirmed fact is that Trump announced Apple would work with Intel on chip design and manufacturing in the United States. Additional details regarding production plans, financial terms, product roadmaps, and implementation timelines have not yet been publicly disclosed.
Investors and industry analysts will likely be watching for further statements from Apple and Intel to better understand the scope and significance of the reported collaboration.