18-June-2026
Corporate News
 
Trump Says Apple to Partner With Intel on US Chip Design, Production
18-Jun-2026

U.S. President Donald Trump said in a Truth Social post on Thursday that Apple has agreed to work with Intel to design and manufacture its chips in the United States. A partnership with Intel helps Apple diversify its manufacturing base as it seeks additional chip capacity. The iPhone maker relies heavily on TSMC, whose advanced production lines are in high demand from AI chipmakers such as Nvidia and AMD. Intel reached a preliminary deal to make some chips for Apple after more than a year of discussions, the Wall Street Journal reported in May. Apple and Intel did not immediately respond to a Reuters' request for comments outside regular business hours. An Apple contract gives intel a steady demand from one of the world's largest consumer electronics companies, boosting both its reputation and a manufacturing business that has lagged TSMC in recent years.

News Source:- https://money.usnews.com/investing/news/articles/2026-06-18/trump-says-apple-to-work-with-intel-to-manufacture-chips-in-us