Apple and Intel reached a preliminary agreement for Intel to manufacture iPhone chips, according to the Wall Street Journal. The companies finalized the deal in recent months after more than a year of intensive talks.
This move signals Apple's intent to diversify a supply chain long reliant on Taiwan-based TSMC. The partnership supports Apple's broader effort to bring more chip production to the United States.
The Trump administration reportedly backed the potential deal between the two U.S. tech giants.