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Apple and Intel are working together to build chips in America, says President Trump - 9to5Mac

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President Trump took to TruthSocial tonight to confirm what was previously rumored: Apple and Intel have agreed a partnership where Intel will manufacture chips for future Apple devices, using Intel’s American-based fabrication sites. The breadth and depth of the agreement is unclear. It is unlikely that Intel will be able to supply the latest-generation chips for Apple’s highest-end iPhones, any time soon. Intel stock has surged 9% in pre-market trading in reaction to Trump’s pronouncement. Last month, analyst Ming-Chi Kuo said Intel had already kicked off production of legacy chips for older iPhone, iPads and Macs. To clarify, these are still wholly Apple-designed chips. Intel is merely joining the manufacturing side of the supply chain. Obviously, Apple would love to have an alternate supplier for its highest-end Apple Silicon chips too, in order to get TSMC to compete with rival suppliers for orders and get the best prices.…

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