Trump says Apple agreed to partner with Intel on US chip manufacturing
President Trump said Apple has agreed to partner with Intel to manufacture chips in the United States, marking a notable shift in the iPhone maker's long-standing offshore production model. No formal financial terms were disclosed. AAPL and INTC shares moved higher in pre-market trading.
President Donald Trump told reporters at the White House that Apple has agreed to work with Intel to manufacture chips in the United States. Trump did not provide specifics but said the chips "will be made in America" and signalled a formal announcement in coming weeks. Neither company commented immediately.
Apple has already begun sourcing some chips from TSMC's Arizona fabrication plant in recent years. Intel, under CEO Pat Gelsinger, has shifted heavily toward its foundry business with major capacity investments in Ohio and Arizona. How an Apple partnership would slot into those programmes remains unclear, and the technical scope — whether Intel would manufacture Apple's in-house silicon, or merely package and test it — has not been clarified.
Markets reacted positively. AAPL gained roughly 2% in pre-market trading and INTC rose more than 7%. CFRA Research analyst Angelo Zino said the deal could be "a symbolic win for Intel's foundry strategy" but cautioned that questions over technical feasibility and unit economics remain open until firm terms are disclosed.
Read next
Syria frees activist Hassan Akkad days after his detention
Syrian activist and documentary maker Hassan Akkad has been released a few days after his detention. According to Al Jazeera, Akkad's arrest had reopened international concerns about the new Damascus authorities' approach to media and civil society.
Tasmania's Mona unveils $100m underground library Phrontisterion
New Zealand exporters need not fear China's push for domestic food security
India NEET medical exam resits go ahead under tight security
U.S. Steel CEO says 'golden share' will not curb reform strategy
