Apple to work with Intel on US-made chips, Trump says

Trump said Apple has agreed to work with Intel on designing and manufacturing chips in the United States, a move that could bolster Intel's domestic credentials as it competes with TSMC. It would give Intel access to Apple, one of the world's largest tech companies, and provide steady demand as AI-driven chip production grows. Trump noted the government holds a 10% stake in Intel and has encouraged deals with Nvidia and Tesla. Reports described a preliminary agreement to manufacture some Apple chips after more than a year of talks. Investors responded, with Intel rising about 7% and Apple up roughly 0.8%. Apple previously used Intel processors for Mac devices before transitioning to its own M-series chips produced by TSMC.