Trump says Apple to work with Intel to manufacture chips in US
U.S. President Donald Trump said on Truth Social that Apple agreed to work with Intel to design and build Apple chips in the United States. The Wall Street Journal reported in May that Intel had reached a preliminary deal to make some chips for Apple after more than a year of talks. Apple and Intel did not comment to Reuters. The move could diversify Apple’s chip supply beyond TSMC.
Potentially reduces Apple’s reliance on TSMC and signals a US-based supply-chain push via Intel.
Trump says Apple agreed to work with Intel to design and build Apple chips in the US, diversifying beyond TSMC.
Near-term sentiment supportive, but magnitude depends on deal terms/capacity timeline not provided.
Background
Reuters cites Trump’s Truth Social post and notes the WSJ reported in May that Intel had reached a preliminary deal to make some Apple chips after year-long discussions.
Why it matters
A US-based chip design/build partnership would be a meaningful supply-chain diversification step for Apple and a potential demand signal for Intel, but the article does not specify scope, node/process, or financial terms.
Market relevance
Traders may reprice the probability of Apple reducing TSMC concentration and Intel gaining incremental Apple-related chip production, pending confirmation and details.
Market effects
Reinforces the US industrial policy/reshoring narrative for semiconductor manufacturing and could shift expectations for foundry/IDM partnerships.
Supports US-based chipmaking capacity narrative, potentially influencing sentiment around US semiconductor supply-chain names.
Highlights ongoing pressure on TSMC demand concentration as AI chipmakers compete for advanced capacity.
Alternative perspectives
Without confirmed contract terms, volumes, and production start dates, the market may treat this as political signaling rather than near-term earnings impact.
Apple’s reliance on TSMC for leading-edge nodes may persist; Intel’s ability to deliver competitive process yields/capacity is not addressed in the article.
Key entities
- companyApple
Said to have agreed to work with Intel to design and build chips in the US.
- companyIntel
Said to have a preliminary deal to make some Apple chips after discussions.
- personDonald Trump
US President who posted the claim on Truth Social.
