# Lip-Bu Tan has won over Donald Trump, struck a partnership with Elon Musk, and attracted interest from Apple.

*semiconductor · news · 2026-05-08 · TNW*

## Key points

- The US government is now Intel's third-largest shareholder with a 9.9% stake acquired in 2025.
- Intel and Musk's companies announced a $55 billion Texas chip facility called Terafab, surprising Intel leadership.
- Apple has begun early talks with Intel and Samsung about moving some chip production from TSMC to the US.
- Intel's yield rate is 65%, far below TSMC's 80%, causing high production costs and risking foundry ambitions.
- Intel's 18A process is expected to reach industry-standard yields only by 2027, delaying competitiveness.

**Companies:** Apple, Intel, Tesla, SpaceX
**Countries:** United States

[Read the full story on TNW](https://thenextweb.com/news/intel-tan-relationships-manufacturing-turnaround)

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