Trump claims Apple-Intel US chipmaking deal; Intel executives reportedly surprised
By
Rohan Goswami
Summary
President Trump announced on Truth Social that Apple and Intel had reached a US chipmaking deal, causing Intel's stock to surge 9%. However, Intel's own executives were reportedly surprised by the announcement. The two companies had been in talks for months about manufacturing some chips in the US, but the current status of those negotiations remains unclear. Both Intel and Apple declined to comment on Trump's claim.
Source
bskyTrump claims Apple-Intel US chipmaking deal; Intel executives reportedly surprisedsemafor.comKey quotes
· 5 pulledPresident Donald Trump's late-night Truth Social post announcing a US chipmaking deal between Apple and Intel sent shares of the chipmaker surging 9% in Thursday trading.
Among those surprised were Intel's own executives, according to a person familiar with the matter.
Intel and Apple have been in talks about a deal to manufacture some chips in the US for months now, that person said.
An Intel spokesperson declined to provide a comment on Trump's announcement.
An Apple spokesperson didn't immediately respond to a request for comment.
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