ISTANBUL, Turkiye: United States (US) President Donald Trump said today that Apple has agreed to work with Intel to design and build chips in the US, describing the move as the latest in a series of partnerships aimed at reviving American semiconductor manufacturing, Anadolu Ajansi (AA) reported.
“Apple has agreed to work with Intel to design and build its chips in America,” Trump said on his Truth Social platform.
The president said the US designs much of the technology used globally but needs to manufacture more of it domestically, adding: “We design everything, but we need to build it here, now.”
Trump described Apple’s planned cooperation with Intel as the latest in a series of US manufacturing arrangements, following earlier deals involving Nvidia and companies linked to Elon Musk.
Following the news, Intel shares climbed around 9 per cent in premarket trading, while Apple rose 0.6 per cent.
In September, Nvidia and Intel announced a collaboration to jointly develop AI infrastructure and personal computing products.
Intel has also said it partnered with SpaceX, xAI and Tesla to support Terafab, a Musk-linked semiconductor project.
Intel CEO, Lip-Bu Tan, said in April that the companies were exploring ways to improve silicon manufacturing efficiency as global semiconductor supply struggles to keep pace with AI-driven demand.
Trump referred to both arrangements in his post, saying his administration “helped bring in Nvidia” and that Musk agreed to build “TerraFab” which he described as the largest chip factory in the world, together with Intel’s technology team.
The president said Washington supported Intel in exchange for a 10 per cent stake in the chipmaker.
Intel announced last August that the US Government would make a USD8.9 billion (approx. RM36 billion) investment in Intel common stock, equivalent to a 9.9 per cent stake, as part of an agreement to support domestic semiconductor manufacturing.
Trump said Intel was valued at around USD100 billion (approx. RM407 billion) when the government made its offer and is now worth more than USD600 billion (approx. RM2.43 billion), putting the US stake at over USD60 billion (approx. RM243 billion). – BERNAMA-ANADOLU
