Skip to main content

Trump says Apple to partner with Intel on US chip design, production

US President Donald Trump said in a Truth Social post on Thursday that Apple has agreed to work with Intel to design and manufacture its chips in the United States.

A partnership with Intel helps Apple diversify its manufacturing base as it seeks additional chip capacity. The iPhone maker relies heavily on TSMC, whose advanced production lines are in high demand from AI chipmakers such as Nvidia and AMD.

Intel reached a preliminary deal to make some chips for Apple after more than a year of discussions, the Wall Street Journal reported in May.

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

An Apple contract gives Intel a steady demand from one of the world’s largest consumer electronics companies, boosting both its reputation and a manufacturing business that has lagged TSMC in recent years.

Earlier this week, Intel said a new generation of its manufacturing tech 18A has entered its initial production, as the chipmaker sees strong demand for its central processors.

Last year, the Trump administration took a 10 per cent stake in Intel and announced plans to invest roughly $10 billion in the chipmaker to build or expand US factories.

Trump previously said he “should have asked for more” of a stake in Intel, eight months after the government’s Intel position grew to be worth more than $50bn.

The administration has been stepping up efforts to secure US supply chains for critical minerals and semiconductors, including taking equity stakes in companies to reduce reliance on China.



from Dawn - Home https://ift.tt/jyZ0ibM
Labels:

Comments

Post a Comment

Popular posts from this blog

Dodgers’ Shohei Ohtani skipping home run derby

Baseball’s biggest star is skipping the home run derby. Shohei Ohtani confirmed after Tuesday’s win over the Diamondbacks that he will not be participating as he continues to rehab an elbow injury that has prevented him from pitching this season. “There’s been some conversations going on,” Ohtani said, according to Juan Toribio of MLB.com . “I’m in the middle of my rehab progression, so it’s not going to look like I’ll be participating.” Manager Dave Roberts said Ohtani and the club reached the decision together. Ohtani signed a historic 10-year, $700-million contract with the Dodgers after winning his second AL MVP award last season with the Angels. Despite his elbow injury, he has served as the Dodgers’ primary DH this season and been one of the most productive hitters in baseball. Ohtani entered Tuesday hitting .316/.399/.635 with a 1.034 OPS. He hit his NL-leading 27th home run in the win. Ohtani had previously participated in the Derby in 2021. Last season’s champion, Vlad...
Post a Comment
Read more

Pakistan flag installed at UNSC as country becomes non-permanent member for 8th time

The Pakistani national flag was installed in front of the United Nations Security Council chamber, as the country began its eighth term as a non-permanent member (2025-26) of the 15-member body, according to a press release issued by the Permanent Mission of Pakistan to the United Nations on Thursday. Pakistan on Wednesday began a two-year term as a non-permanent member of the United Nations Security Council (UNSC). Elected in June to replace Japan, Pakistan now occupies one of the two Asia-Pacific seats on the UNSC. It will preside over the council in July, a key opportunity to set the agenda and foster dialogue. View this post on Instagram This marks Pakistan’s eighth term on the council, providing an opportunity to shape discussions on pivotal international issues, but also posing significant challenges. “As part of the joining ceremony, flags of the five new incoming non-permanent members — Pakistan, Denmark, Greece, Panam...
Post a Comment
Read more

Heathrow resumes operations as global airlines scramble after shutdown

London’s Heathrow Airport resumed full operations on Saturday, a day after a fire knocked out its power supply and shut Europe’s busiest airport, causing global travel chaos. The travel industry was scrambling to reroute passengers and fix battered airline schedules after the huge fire at an electrical substation serving the airport. Some flights had resumed on Friday evening, but the shuttering of the world’s fifth-busiest airport for most of the day left tens of thousands searching for scarce hotel rooms and replacement seats while airlines tried to return jets and crew to bases. Teams were working across the airport to support passengers affected by the outage, a Heathrow spokesperson said in an emailed statement. “We have hundreds of additional colleagues on hand in our terminals and we have added flights to today’s schedule to facilitate an extra 10,000 passengers travelling through the airport,” the spokesperson said. The travel industry, facing the prospect of a financial ...
Post a Comment
Read more