Bernstein managing editor. senior analyst Mark Newman speaks on the future of Apple intelligence after the release of their new Siri AI on 'The Claman Countdown.'
PresidentDonald Trumpsaid Thursday that Apple has agreed to work with Intel on designing and producing chips in the U.S.
"When I won my Second Term, it was clear America needed its Semiconductor Industry to come back to the U.S.A. We design everything, but we need to BUILD it here, NOW! So I decided to help Intel because we need to design. build our Chips right here in America," Trump wrote on Truth Social.
The partnership could help Apple diversify its manufacturing base as it looks for additional chip capacity. The tech giant relies heavily on the Taiwan Semiconductor Manufacturing Company, which has advanced production lines in high demand from AI chipmakers such as Nvidia. Advanced Micro Devices.
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Apple has agreed to work with Intel on designing. producing its chips in the U.S.(Win McNamee/Getty Images / Getty Images)
Intel shares rose in premarket trading following the announcement from the president.
"The Technology the World relies on was invented in America. We all remember 'Intel Inside.' Stupid Presidents took our Economy for granted,. let Taiwan and others steal our Semiconductor Factories," Trump said.
Intel reportedly reached a preliminary agreement to make some chips for Apple after more than a year of talks. Apple and Intel have not publicly detailed which chips or products would be involved.
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The partnership will help Apple diversify its manufacturing base as it looks for additional chip capacity.(REUTERS/Joshua Roberts/File Photo / Reuters Photos)
AnApple contractwould give Intel steady demand from a top consumer electronics company after its reputation. manufacturing business fell behind TSMC in recent years.
Earlier this week. Intel announced that a new generation of its manufacturing technology, 18A-P, had entered initial production, as the chipmaker works to meet demand for advanced processors.
Last year, the Trump administration took a roughly 10% stake in Intel. announced plans to invest billions of dollars in the chipmaker to build or expand factories in the U.S.
The Trump administration took a 10% stake in Intel last year. announced plans to invest roughly $10 billion in the chipmaker to build or expand factories in the U.S.(Getty Images / Getty Images)
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The Trump administration took a roughly 10%stake in Intellast year. announced plans to invest billions of dollars in the chipmaker to build or expand factories in the U.S.
Trump previously said he "should have asked for more" of a stake in Intel after the value of the federal government's Intel position rose sharply.
"When was the last time a President made America money??" Trump wrote on Thursday.
The administration has been boosting efforts to secure U.S. supply chains for critical minerals. semiconductors, including by taking equity stakes in companies as part of an effort to cut reliance on China.
Reuters contributed to this report.
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