Apple Breaks TSMC Dependency With U.S. Intel Chip Deal

President Trump announced June 18 that Apple will design and manufacture chips with Intel in the U.S., reducing reliance on Taiwan-based TSMC. The agreement builds on a 2019 Apple acquisition of Intel's modem business and Apple's $600 billion domestic investment plan. Scope—which chips, which process nodes, production volume—remains undisclosed. For Intel's foundry division, Apple serves as a marquee customer validation. For Apple, it's insurance against Taiwan supply concentration risk.