The former president also highlighted his role in facilitating a foundry deal between Intel and Nvidia, alongside a collaborative effort involving Elon Musk’s Terafab. These initiatives arrive as Intel navigates a significant federal footprint. Last year, the U.S. government secured a 10% stake in the chipmaker by converting $8.9 billion in unpaid Chips Act grants into equity.
In section Market Quotes
Trump Claims Apple and Intel Alliance for Domestic Chip Production
President Trump announced on Truth Social that Apple has committed to partnering with Intel to produce semiconductors within the United States. This development follows reports of a preliminary agreement between the two tech giants aimed at shifting a portion of Apple’s hardware manufacturing back to American foundry facilities.
Trump touted the financial trajectory of the company during his tenure, claiming its market valuation climbed from approximately $100 billion at the time of his initial proposal to over $600 billion today. The move signals a broader push to solidify domestic supply chains and leverage federal investment to bolster Intel’s competitive standing against global foundry rivals.
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