After Nvidia And Tesla, Trump Confirms Apple Has Agreed To Build Chips With Intel Amid US Manufacturing Push: 'When Was The Last Time...'

Intel shares have rallied 207.52% year-to-date after President Trump confirmed Apple has agreed to partner with the chipmaker to design and build semiconductors domestically. The announcement follows similar Trump-era manufacturing commitments from Nvidia and Tesla, marking a broader push to reshore chip production.

The government's 9.9% stake in Intel, acquired for $8.9 billion, now sits at approximately $52 billion—a 5.8x return that underscores the political and financial momentum behind U.S. semiconductor independence. Intel's fabrication infrastructure positions it as the primary domestic alternative to Taiwan-based TSMC, which currently produces Apple's custom silicon.

The Apple partnership represents a strategic win for Intel CEO Pat Gelsinger's foundry ambitions, though no timeline or production volume details were disclosed. Intel has struggled to compete with TSMC and Samsung on leading-edge process nodes, making the Apple endorsement a critical validation of its manufacturing roadmap.