Trump Says Apple, Intel Agreed to U.S. Chip Production

President Donald Trump announced that Apple and Intel had agreed to design and manufacture chips inside the United States, a claim that lifted Intel shares 9 percent in premarket trading. The statement arrived amid ongoing administration efforts to reduce reliance on overseas semiconductor plants, particularly those operated by Taiwan Semiconductor Manufacturing Company.

Trump posted the assertion on Truth Social, writing that prior administrations had allowed semiconductor production to move abroad and that Apple would now work with Intel on domestic fabrication. Neither Apple nor Intel has confirmed any final agreement. The Wall Street Journal reported in May that the companies had reached a preliminary understanding under which Intel would produce some chips for Apple devices in the United States.

Analyst Ming-Chi Kuo stated shortly after the Journal report that Apple had begun testing systems-on-chip built on Intel’s 18A-P process, with volume production and deliveries expected no earlier than 2027. Intel would use its facilities in Oregon, Arizona, and Ohio for any such work. Even under that scenario, TSMC would continue to handle the majority of Apple’s chip orders.

The federal government acquired a 10 percent stake in Intel in August 2025 through an $8.9 billion investment in common stock, funded in part by CHIPS Act appropriations and the Secure Enclave program. Commerce Secretary Howard Lutnick had met repeatedly with Apple executives over the preceding year to encourage renewed business with Intel. Apple had previously sourced central processors from Intel before shifting to its own designs fabricated primarily by TSMC.

Intel’s foundry business had operated almost exclusively for its own products until recent external commitments. The company’s shares had already risen sharply over the prior twelve months, reaching a market capitalization of $608.7 billion before the latest announcement. Apple shares rose 0.6 percent in the same premarket session.

The companies did not respond to requests for comment outside regular business hours.