Trump Announces Apple Deal with Intel to Build Chips in the U.S.

President Donald Trump revealed that Apple has agreed to work with Intel to design and build chips in the U.S., marking a significant win for the government-backed chipmaker. This deal follows months of speculation about an Apple-Intel foundry agreement.

In a post on Truth Social, Trump said his administration helped Intel secure deals with Nvidia and Elon Musk's upcoming TeraFab project. He also claimed that his team played matchmaker in bringing advanced chip manufacturing back to the U.S. by pushing tech companies to use Intel's manufacturing capacity.

According to Bloomberg, Apple was considering contracting Intel and Samsung's foundries in the U.S. to produce certain main processors that power its devices. Intel's flagship U.S. foundry operation is its Arizona campus, which serves as the cornerstone of Intel Foundry Services and advanced chip manufacturing.

Intel's stock jumped 5.7% in overnight trading ahead of Thursday after Trump's announcement. The company has undergone massive reorganization and downsizing under its new CEO, Lip-Bu Tan, and has recently seen surging demand for AI data center chips.