Trump announces Apple-Intel chip partnership for US production; Intel shares surge 10%
Newsmax—President Trump announced via Truth Social that Apple and Intel are partnering to design and manufacture chips in the United States, sending Intel shares up approximately 10% intraday. The government holds a 10% stake in Intel now valued at $60 billion, Trump said. The deal followed a year of discussions and is seen as diversifying Apple's reliance on TSMC, with Intel's 18A process node in production. The announcement reportedly surprised Apple executives. Intel is not expected to supply top-end iPhone chips in the near term.
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- Hindustan Times — Intel stock jumps 9% after Trump says Apple will build chips with Intel in the US
- Newsmax — Trump Says Apple to Work With Intel to Manufacture Chips in US - Newsmax
- Bloomberg — Intel shares soar as Trump touts an Apple chip deal
- Wall Street Journal — Trump announces a new Intel-Apple chip partnership
- Wall Street Journal — Intel shares surge after Trump unveils Apple partnership
- Reuters — Trump says Apple to partner with Intel on US chip production
- CBS News — US — US government's 10% Intel stake is now worth $60 billion, Trump said at the announcement.
- Washington Examiner — Announcement reportedly surprised Apple executives; Intel shares surged on the news.
- The Hill — Home News — Trump says Apple is partnering with Intel on chip design and US production
- CNBC — Intel shares gained 10% intraday after Trump's announcement of the Apple chip design partnership.
- 9to5Mac — Intel is not expected to supply top-end iPhone chips in the near term despite the partnership.
- Dawn — Diversifies Apple away from TSMC reliance; Intel's 18A process node is already in production.
- The Straits Times — Preliminary deal followed roughly a year of discussions between the companies.