New York —
President Donald Trump said Thursday that Intel has struck a deal with Apple to start producing computer chips in the United States.
“I decided to help Intel because we need to design and build our Chips right here in America,” Trump wrote in a social media post on Truth Social.
Shares of Intel (INTC) spiked more than 9% in premarket trading. The company declined to comment.
The move will help Apple diversify its manufacturing base. The California-based company largely relies on Taiwan to manufacture the processors that power its iPhones, iPads, and Mac computers.
