UPDATE 1-Trump says Apple to work with Intel to manufacture chips in US

Apple Inc.
Intel Corporation

Apple Inc.

AAPL

0.00

Intel Corporation

INTC

0.00

Adds background from paragraph 2 onwards

- U.S. President Donald Trump said in a Truth Social post on Thursday that Apple AAPL.O had agreed to work with Intel INTC.O to design and build its chips in the United States.

Intel had reached a preliminary deal to make some chips for Apple, following discussions that went on for more than a year, the Wall Street Journal reported in May.

Apple and Intel did not immediately respond to a Reuters request for comment outside regular business hours.

A deal with Intel helps Apple diversify its manufacturing base as it seeks more chip capacity. The company relies heavily ​on TSMC 2330.TW, whose advanced production ​lines are in ⁠high demand from AI chipmakers such as Nvidia NVDA.O and AMD AMD.O.