Trump emphasized that the U.S. should design and build its own chips and that the dependence on other countries, such as Taiwan, to produce the in-demand product should not have happened in the first place. “Stupid Presidents took our Economy for granted, and let Taiwan and others steal our Semiconductor Factories,” Trump said on Truth Social. “They forgot to protect our Industries with TARIFFS.”
After the president’s announcement, CNBC reporter Rohan Goswami tweeted that Intel executives were taken by surprise.The logo of Apple is illuminated at a store in the city center in Munich, Germany, on Dec. 16, 2020. (AP Photo)
Still, following the president’s late-night announcement of the new partnership, the chipmaker’s shares surged between 9-12%, hitting an all-time intraday high of $135.13 when markets opened in New York.Trump also touted his support for Intel, citing the administration’s assistance in other major deals, including Nvidia’s decision to buy a $5 billion stake in the tech company. In exchange for the administration’s help in that deal and others, Intel sold the U.S. government a 10% stake in the company in August 2025.“Is that too much or, too little?” Trump wrote.The company’s market value, which previously struggled, has surged in recent years as a result of the increased investment. Intel stock has surged over 464%, and is now valued at over $670 billion. This means that America’s stake is now over $60 Billion.“When was the last time a President made America money??” the post read.Government officials have been pressuring chip manufacturers to bring more of their business to the U.S., saying that relying on a single major semiconductor manufacturer can create severe geopolitical vulnerabilities, expose the global economy to supply chain disruptions, and present national security risks. As of 2021, the U.S. relied on Taiwan, the world leader in semiconductor manufacturing, for 44% of its logic chips, which are considered to be the “brains” of electronics.Commerce Secretary Howard Lutnick has repeatedly met with top Apple executives over the past year, according to the Wall Street Journal, including CEO Tim Cook, to discuss a possible partnership with Intel. Lutnick previously met with SpaceX chief Elon Musk and Nvidia Chief Executive Jensen Huang ahead of their deals with Intel.Another point of discussion has been the U.S’s dependence on China for critical minerals like gallium, which are necessary for the production of semiconductors. Republican Sen Jim Banks (R-IN) and Democrat Sen. Andy Kim (D-NJ) sent a letter to Bureau of Industry and Security Director Jeffrey Kessler on Monday, June 8, asking the BIS to directly address the issue of Chinese firms’ subsidiaries ordering custom chips.“Export controls that can be circumvented through fabrication orders placed at the world’s most advanced foundry offer no meaningful protection to American national security or to the competitiveness of United States industry,” the senators wrote.In a press release shared June 16, Intel showed it is pushing hard to prove it can compete with Taiwan Semiconductor Manufacturing Company in manufacturing cutting-edge AI chips, debuting Intel 18A-P, a performance-boosted version of its leading-edge 18A chip family.NVIDIA ANNOUNCES NEW AI CHIP FOR PERSONAL COMPUTERSThis new chip release could have helped demonstrate to clients such as Nvidia, Apple, and AMD that their U.S.-based factories are technologically ready to handle massive, power-constrained AI workloads, resulting in these new partnerships.Neither Intel nor Apple has commented on Trump’s post announcing their new partnership, nor have they shared any additional information on the matter.
