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Trump says U.S. took 10% Intel stake to revive chipmaking

Trump says U.S. took 10% Intel stake to revive chipmaking

Intel shares surged in premarket trading after Trump said Apple agreed to design and build chips with the company in the United States, though neither company has confirmed terms, volumes or product details.

Fact Check
Every element of the claim is corroborated. CNBC confirms Trump's Truth Social announcement of the Apple-Intel chip design/build partnership, the Nvidia investment, Musk's Terafab project, and Intel's ~$600 billion market cap ($608.7B). The bloomingbit, Binance/Jin10, and odaily reports independently confirm the specific quotes: a 10% U.S. stake to revive chipmaking, Nvidia/TerraFab/Apple being pushed to work with Intel, and the value rising from about $100 billion to more than $600 billion. The claim accurately summarizes these reports.
Summary

Intel shares jumped as much as 9% in premarket trading after President Trump said Apple agreed to partner with the chipmaker to design and build chips in the United States, extending his broader push to revive domestic semiconductor manufacturing. Apple stock rose 0.5% in premarket trading. Trump said the government decided to help Intel in exchange for equity and tied the effort to earlier moves involving Nvidia and Elon Musk-linked TerraFab. He said Washington had converted roughly $8.9 billion in CHIPS Act and Secure Enclave funding last year into a 9.9% equity position at $20.47 a share. Trump said that stake had risen from about $10 billion to more than $60 billion as Intel’s valuation crossed $600 billion, though independent calculations based on this week’s share price put the paper gain closer to $43 billion. The report said Apple has relied heavily on TSMC for years and that Intel’s 18A and 18A-P manufacturing processes have been central to discussions about potential Apple production. Intel’s stock is up more than 200% so far this year, but Apple and Intel have not confirmed the arrangement and no chip names, volumes or contract terms have been disclosed.

Terms & Concepts
  • 18A-P process: A next-generation chip manufacturing process from Intel that has entered risk production, an early step before full-scale output.
  • risk production: An intermediate manufacturing phase in which a chip process begins limited production ahead of broader commercial ramp-up.
  • foundry arm: The part of a chip company that manufactures semiconductors for external customers, not just for its own products.