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Intel to Manufacture Chips for Apple in US

November 3, 2023

2 min read

Key Takeaways

Intel to manufacture chips for Apple in the US.
Deal part of efforts to strengthen domestic chip production.
Intel has spent years trying to attract major tech customers.
Trump administration invested $10 billion in Intel's future.

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Strategic Implications

This partnership may indicate a significant shift in the global semiconductor landscape, with Intel potentially establishing itself as a credible alternative to TSMC. The deal could strengthen Intel's foundry ambitions and validate its manufacturing roadmap, which may attract more customers and increase its competitiveness in the market.

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What Happened

Major Win for US Manufacturing and Intel Foundry Ambitions

US President Donald Trump announced that Apple has agreed to work with Intel to design and manufacture chips in the United States, a deal that could significantly strengthen Intel’s foundry ambitions. The partnership is part of the Trump administration’s efforts to strengthen domestic chip production and support Intel’s recovery. Intel has spent years trying to attract major technology customers, and landing Apple would be a major breakthrough for the company. This development was first reported by Yahoo Finance.

Source | Originally Published: November 3, 2023

Companies Mentioned