Apple has agreed with Intel on the development and production of chips in the USA – Trump
Kyiv • UNN
US President Donald Trump stated that Apple has agreed to cooperate with Intel in the development and production of chips on US territory. The deal is expected to strengthen Intel's position and reduce Apple's dependence on TSMC.
Apple has agreed to cooperate with Intel in the development and production of its own chips in the United States. This was stated by US President Donald Trump, Reuters reports, writes UNN.
Details
According to Trump, the deal will be an important step for restoring Intel's position in the semiconductor manufacturing market and will strengthen American high-tech production.
The contract with Apple could provide Intel with stable demand from one of the world's largest consumer electronics manufacturers. For Apple, the cooperation provides an opportunity to diversify chip production and reduce dependence on the Taiwanese company TSMC.
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At the same time, Trump did not specify which chips Intel will produce for Apple.
The market reacted with growth
After the US president's statement, Intel shares rose by 7%, continuing the company's rapid growth this year. Apple shares also added about 0.8%.
As Reuters notes, back in May, The Wall Street Journal reported on a preliminary agreement between Intel and Apple regarding the production of part of the American company's chips. Officially, neither side has commented on the information yet.