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TODAY'S HEADLINE: Apple is going to build some of its chips in America with Intel, and Intel's stock just hit a record high.

For years, nearly every chip inside your iPhone and Mac has been made by one company in Taiwan. This week that started to change. President Trump announced that Apple has agreed to work with Intel to design and build chips in the United States, Intel shares jumped more than 10 percent to a record high, and a long-struggling American icon suddenly looks reborn. Here is what actually happened, what is real, and what is still hype.

SECTION 01 // What actually happened

On Thursday, President Trump posted on social media that "Apple has agreed to work with Intel to design and build its Chips in America." Intel's stock leapt about 10.5 percent, rising more than 12 dollars to over 133 dollars, a record high. Apple stayed quiet, and Intel said only that it would not comment on a potential agreement.

The deal is not entirely new. The Wall Street Journal reported that Apple and Intel reached a preliminary agreement back in May, after more than a year of talks. The announcement signals those talks have firmed up into something real, even if the two companies have not yet spelled out the details themselves.

CBS coverage: https://www.cbsnews.com/news/intel-intc-shares-trump-apple-chip-agreement/

SECTION 02 // Why Apple wants this

Almost all of Apple's most advanced chips are made by Taiwan Semiconductor, known as TSMC. Relying on a single supplier in one location has become a risk, both because of rising tensions around Taiwan and because demand for chips is so high that Apple cannot always get enough. Tim Cook even admitted that iPhone production was "constrained" recently because TSMC could not make enough of the newest chips.

Working with Intel gives Apple a US-based backup and more flexibility. It also fits Apple's pledge to invest heavily in American manufacturing. Analyst Dan Ives called it a way for Apple to lean less on its major overseas supplier, capping more than a year of negotiations.

Supply chain context: https://www.investing.com/analysis/appleintel-chip-manufacturing-deal-reshapes-foundry-race-200682398

SECTION 03 // The reality check

Here is the part the headlines skip. Apple is expected to use Intel only for lower-end chips, not the flagship processors in its newest iPhones and Macs. The reason is physics: Intel's current process packs roughly 238 million transistors per square millimeter, while TSMC's newer process hits about 313 million. TSMC is still expected to make more than 90 percent of Apple's supply.

Analysts also stress that a presidential social media post is not a signed contract. Intel's most advanced future node is not expected to reach high-volume production until around 2029, so Apple's top chips will almost certainly stay with TSMC for years. This is a strategic hedge and a confidence signal, not a near-term replacement.

Technical breakdown: https://www.techtimes.com/articles/318737/20260620/apple-intel-build-chips-us-trump-confirms-deal-stock-climbs-105.htm

SECTION 04 // Why it matters now

Whatever the limits, the deal caps a remarkable turnaround. Intel's stock has surged more than 460 percent over the past year, helped by a US government decision last August to take a roughly 10 percent stake, which makes the government Intel's largest shareholder. Trump noted the company's value has climbed from about 100 billion dollars to roughly 600 billion since then. Intel has also landed a 5 billion dollar investment from Nvidia.

The bigger picture is a US push to bring chipmaking home and a slow splintering of the chip world away from depending on a single supplier. For Apple to even partly validate Intel's factories is a powerful endorsement that could draw other customers. The proof, though, will be in signed contracts and chips that actually ship.

Intel's turnaround: https://eciks.org/9614-50044-intel-stock-apple-partnership-trump

FAQ // Quick answers

Is Apple really making its chips with Intel now?

Apple has agreed to work with Intel to design and build some chips in the United States, according to an announcement by President Trump and earlier reporting on a preliminary deal. However, neither company has released full details, and the arrangement is expected to cover lower-end chips rather than Apple's flagship processors.

Will my iPhone chips be made in America?

For now, no. Apple's most advanced A-series and M-series chips are still expected to be manufactured by TSMC in Taiwan, which is projected to make more than 90 percent of Apple's supply. Intel's role is initially limited to less advanced chips.

Why did Intel stock jump?

Intel shares rose about 10.5 percent to a record high because landing Apple as a foundry customer, even in a limited way, validates Intel's manufacturing comeback and could attract other clients. The stock has surged more than 460 percent over the past year amid its turnaround.

Why is Apple moving some chip production away from TSMC?

Apple wants to reduce the risk of depending on a single supplier in Taiwan, both because of geopolitical tensions and because chip demand has at times outstripped TSMC's capacity. A US-based partner like Intel adds flexibility and supports Apple's domestic manufacturing commitments.

Does the US government own part of Intel?

Yes. The US government took a roughly 10 percent stake in Intel in August 2025 through an investment of about 8.9 billion dollars, making it Intel's largest shareholder. That stake has grown substantially in value as Intel's share price has climbed.

We will keep tracking this and bring you the next chapter as it lands. Stay sharp out there.

This newsletter is for general information only and is not investment advice. Always do your own research before making financial decisions.

TECH DAILY // www.techdailynews.org

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