Apple holds preliminary talks with Intel and Samsung to manufacture device processors in the United States. This move aims to diversify Apple's supply chain beyond its longtime partner, Taiwan Semiconductor Manufacturing Co. (TSMC).
Reports on May 5 confirmed Apple executives discussed foundry services with Intel. Apple officials also visited a Samsung chip plant currently under construction in Texas.
Intel (INTC) shares surged nearly 13% during intraday trading following the news. The potential partnership supports Intel’s turnaround plan focused on contract chip manufacturing.
The talks remain in early stages with no orders currently placed. A final agreement would onshore advanced semiconductor production and potentially reshape the competitive landscape.