Apple and Intel will work together to manufacture chips in the US

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TL;DRPresident Trump claimed in a new Truth Social post that Apple has agreed to work with Intel to design and build chips in the US.It’s unclear which chips Intel will manufacture for Apple.Chip shortages have been affecting the tech world for a while, and we’ve already seen many price hikes due to RAM and storage shortages. TSMC, the world’s largest contract chipmaker, has had its capacity constrained by increased demand from AI companies. As a result, companies like Apple have been looking around to other foundries, such as Samsung and Intel, to manufacture their chips.Now, according to a Truth Social post from President Donald Trump, Apple has agreed to work with Intel to design and build chips in the US. This deal could help Apple secure a steady supply of chips at a time when foundries like TSMC are overwhelmed, while also helping Intel turn things around further. In fact, Intel’s stock has risen to record heights since President Trump’s post.