President Donald Trump said on Thursday that Apple has agreed to work with Intel to "design and build" chips in the United States, according to Tom's Hardware and Engadget, which reported the claim came in a Truth Social post. Trump framed the arrangement as a deal to manufacture chips for Apple's devices domestically.
A key caveat: as of the announcement, neither Apple nor Intel had publicly confirmed the agreement, Tom's Hardware reported. Crypto Briefing characterized it as a preliminary deal for domestic chip manufacturing. Benzinga noted the move follows similar Trump announcements involving Nvidia and Tesla as part of a broader US manufacturing push.
Investors reacted quickly. Intel shares jumped in premarket trading, according to MarketWatch. The exact size of the move varied across outlets: CNBC reported Intel rose 9%, while Crypto Briefing said shares climbed 14% to above $130, and other reports cited gains closer to 6%. Invezz called Trump's confirmation "the clearest 'foundry credibility' signal yet," turning Intel's second-source pitch into real customer validation.
The potential significance for both companies is large. Intel has been working to turn around what Crypto Briefing described as its cash-bleeding foundry business, and landing a marquee customer like Apple would mark a major step. For Apple, Firstpost reported, the partnership could help diversify its supply chain and reduce its reliance on Taiwan's TSMC, which currently makes Apple's most advanced chips.
Why it matters: if confirmed by the companies, an Apple-Intel manufacturing tie-up would reshape where the world's most valuable consumer-tech firm sources its silicon and hand struggling Intel a credibility boost at the center of America's effort to bring chip production home.