Apple Will Partner With Intel To Build Chips In The U.S.

President Donald Trump said last 18 June that Intel had agreed a to deal with Apple to "design and build" its chips in the U.S.

"America needed its Semiconductor Industry to come back to the U.S.A. We design everything, but we need to BUILD it here, NOW!" Trump wrote in a Truth Social post. "So I decided to help Intel because we need to design and build our Chips right here in America."

"Apple has agreed to work with Intel to design and build its Chips in America," he said.

The president has been a vocal supporter of Intel, striking a deal with the company last August that saw Intel sell a stake of about 10 percent to the U.S. government.

Intel's share price was up more than 10 percent when markets opened Thursday.

Trump's announcements came a few hours after the Wall Street Journal published an interview with Apple CEO Tim Cook, where he said the company would have to raise prices due to memory and storage shortages. "Price increases are unavoidable," Cook said.

Demand from AI companies has driven a sharp increase in the cost of memory and storage, leading to a severe shortage of RAM — known as RAMmageddon within the industry.