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Intel and Apple have reached a preliminary agreement for Intel to manufacture some of the chips powering Apple devices.
Intel and Apple have a preliminary agreement for Intel to manufacture chips for Apple devices.
KEY POINTS
- The White House, including Trump and Commerce Secretary Lutnick, directly facilitated the Intel-Apple deal.
- Last August, the U.S. government acquired a 9.9% stake in Intel, now worth over $50 billion.
- Intel's CEO Lip-Bu Tan has pursued customers like Apple after taking over in March 2025.
- Apple's first Intel-manufactured chips are expected to arrive in about 18 months.
COMPANIES
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