President Donald Trump announced on Thursday that Apple has agreed to work with Intel Corporation to design and manufacture semiconductors within the United States, framing the agreement as a major breakthrough for domestic manufacturing.
In a post on his Truth Social platform, Trump said that the arrangement is part of a broader White House plan to revitalize American silicon manufacturing and decrease reliance on overseas factories.
“We design everything, but we need to build it here, now,” Trump wrote.
Both Apple and Intel did not immediately respond to requests for a comment and have not officially confirmed the arrangement. However, reports of a potential partnership have circulated for weeks. The Wall Street Journal reported in May that the tech companies had reached a preliminary agreement for Intel to produce some of Apple’s chips following more than a year of discussions.
Read: Intel spinout Cornelis says its chips are being used for US supercomputer (June 16, 2026)
Following Trump’s social media post, Intel shares jumped around 9% in premarket trading, while Apple shares rose 0.6%.
For Apple, a contract manufacturing deal with Intel represents a significant shift in its global supply chain strategy. The Cupertino, California-based company currently relies heavily on Taiwan Semiconductor Manufacturing Co. to fabricate its custom-designed chips. That heavy reliance has exposed Apple to potential capacity constraints as TSMC faces overwhelming demand from artificial intelligence giants like Nvidia Corp. and Advanced Micro Devices Inc.
In his post, Trump connected the Apple partnership to a series of other domestic manufacturing initiatives involving Intel. He noted that his administration previously helped bring Nvidia into a production arrangement with the chipmaker. Trump also mentioned Elon Musk’s “TeraFab” semiconductor project, which he said is being designed in collaboration with Intel’s technology team.
Read: Intel joins Musk’s Terafab chip project for AI and robotics push (April 7, 2026)
The federal government holds a direct financial interest in Intel’s turnaround strategy under CEO Lip-Bu Tan. In August 2025, Intel announced that the U.S. government would make an $8.9 billion investment in Intel common stock, securing a 9.9% equity stake to support domestic production.
Trump also emphasized the financial return on that investment on Thursday, claiming that Intel’s market value has skyrocketed from approximately $100 billion at the time of the deal to more than $600 billion. He estimated that the federal government’s stake is now worth over $60 billion.
Industry analysts expect that even if a domestic partnership is finalized, TSMC will likely remain Apple’s primary manufacturer globally, with Intel serving as a secondary domestic option to diversify its supplier base.