Overview
- President Trump posted on Truth Social on June 18, 2026 that Apple has agreed to work with Intel to design and manufacture some chips in the United States.
- The Wall Street Journal reported in May that Apple and Intel had reached preliminary terms after more than a year of talks, but neither company has publicly confirmed a final agreement.
- Intel's stock jumped in premarket trading after the president's post, reflecting investor optimism and boosting the paper value of the U.S. government's roughly 10% stake in the company.
- Intel recently said its next-generation 18A manufacturing node has entered initial or risk production, but experts and coverage note that scaling advanced chipmaking for Apple would face yield, node and volume constraints.
- The move would respond to tight capacity at Taiwan Semiconductor Manufacturing Company and rising AI-driven demand, and it could reshape supply chains if the parties announce concrete contracts, volumes and timelines.