“I decided to help Intel because we need to design and build our Chips right here in America,” Trump wrote.
The reported agreement would give Apple an additional manufacturing partner as it works to increase chip production capacity. Apple currently relies heavily on Taiwan Semiconductor Manufacturing Co. (TSMC), which also produces advanced chips for companies including AMD and Nvidia.
For Intel, the arrangement represents a significant development at a time when the company has been working to rebuild its manufacturing business after years of delays and challenges attracting major foundry customers. The company has also played a smaller role in the recent surge of investment tied to artificial intelligence infrastructure compared with some competitors.
Earlier this week, Intel said initial production had begun using its next-generation 18A manufacturing technology. The company said the launch reflected strong demand for its central processing units.
Trump also linked the Apple announcement to other semiconductor manufacturing initiatives involving Intel.
“First, we helped bring in Nvidia, and they agreed to build their first level Chips with Intel. Next, Elon agreed to build his TerraFab, the largest Chip Factory in the World, designed together with Intel’s Technology team,” he wrote.
The TerraFab project marks the first major external commitment to Intel’s foundry operations, which require substantial capital investment as the company seeks to compete more directly in contract chip manufacturing.
The U.S. government became a shareholder in Intel last year after acquiring a 10% stake in the company. Officials also announced plans to invest nearly $10 billion to support the construction and expansion of semiconductor manufacturing facilities in the United States as part of broader efforts to strengthen domestic supply chains.
Trump previously said he “should have asked for more” ownership in Intel after the government’s stake increased significantly in value.
The announcement comes as global supply chains face pressure from the conflict between the United States and Iran and rising energy costs. Despite those challenges, companies tied to semiconductor manufacturing and AI infrastructure have continued to attract investor attention.
Intel’s stock has climbed sharply over the past year, gaining 464% and helping lift the company’s market capitalization to approximately $608.7 billion.
This analysis is based on reporting from NDTV.
Image courtesy of Blocknow.com.
This article was generated with AI assistance and reviewed for accuracy and quality.
