Trump says Apple agreed to work with Intel on US chips; neither company confirms

On June 18, 2026, President Trump said in a Truth Social post that Apple had finalized a deal with Intel to design and make chips in the US, and that the government would take a stake in Intel in exchange for its help. Neither Apple nor Intel had confirmed the news when Engadget reported it. The post gave no product, volume or timing details.

• Trump post dated June 18, 2026
• Post says the government gets 10% of Intel's shares in exchange for its help
• Apple and Intel had not confirmed terms
• No product, volume or timing details given