‘When Was The Last Time…’



PresidentĀ Donald TrumpĀ said that the U.S. lost semiconductor manufacturing to Taiwan and other countries and lauded his efforts to bring chip production back to America.

Trump took to Truth Social early Thursday and highlighted the partnerships he facilitated betweenĀ Intel Corporation,Ā Nvidia Corporation and Tesla Inc. to design and manufacture chips domestically.

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ā€œā€¦we helped bring in Nvidia, and they agreed to build their first level Chips with Intel. Next, Elon agreed to build his TerraFab, the largest Chip Factory in the World, designed together with Intel’s Technology team,ā€ Trump wrote.

He then confirmed that Apple Inc. has also ā€œagreed to workā€ with Intel to design and build its chips in the U.S.

Trump also blamed previous administrations for allowing the semiconductor technology, which was ā€œinventedā€ in the U.S., to decline by failing to implement protective tariffs.

The President also highlighted how Intel’s value has surged from about $100 billion to over $600 billion since the U.S. investment nine months ago, boosting America’s stake to more than $60 billion.

ā€œWhen was the last time a President made America money??ā€ he wrote.

Apple Explores Intel-Made Chips

Trump’s post comes after a Wall Street Journal report in May suggested that Apple and Intel have reached a preliminary deal for Intel to manufacture some Apple-designed chips, potentially reducing Apple’s reliance on Taiwan Semiconductor Manufacturing Co. Ltd. and reshaping the semiconductor supply chain.

Trending: Avoid the #1 Investing Mistake: How Your ā€˜Safe’ Holdings Could Be Costing You Big Time

The companies have not revealed which Apple products will use Intel-made chips, and key terms of the agreement remain undisclosed.

Apple and Intel did not immediately respond to Benzinga’s request for comments.

US Intel Stake Generates Return

On Wednesday, Intel’s 18A-P semiconductor node entered the risk production phase, marking a significant milestone in the company’s advanced manufacturing timeline. This development aligns with the schedule Intel shared with customers and partners in 2025.

The U.S. government acquired a 9.9% passive stake in Intel in August, purchasing 433.3 million shares at $20.47 each through an $8.9 billion investment tied to the CHIPS Act and Secure Enclave funding. At Intel’s current price of $120.10, the government’s stake is now worth nearly $52.04 billion, representing an unrealized gain of about $43.14 billion, or almost a 5.8x return on the original $8.9 billion investment.

Image via Shutterstock

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