technology
U.S. Government and Intel Announce Apple Partnership for Domestic Chip Production
The U.S. government and Intel announced a partnership with Apple to design and produce semiconductor chips in the United States. The move follows the government's 10% stake purchase in Intel last August.
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The U.S. government and Intel announced a partnership with Apple on June 18, 2026, to design and produce semiconductor chips inside the United States. The announcement follows the government's purchase of a 10% stake in Intel last August, making the United States the company's largest shareholder.
Background on U.S.
The measures are part of the administration's broader effort to reduce dependence on foreign trade and bring manufacturing back to the United States.
Intel shares rose 10% in trading after the announcement. The president noted that Intel's market value stood near $100 billion when the government acquired its stake and has since grown to at least $600 billion. The White House has highlighted similar domestic investment pledges from companies including Apple, Johnson & Johnson, and Nvidia since the president took office.
“When I won my Second Term, it was clear America needed its Semiconductor Industry to come back to the U.S.A.”
