Apple taps Intel for chip manufacturing, backed by $9 billion federal grant

Apple and Intel have agreed in principle on chip manufacturing, with the U.S. government providing a $9 billion grant. The deal signals Apple's first major move to reduce dependence on Taiwan-based TSMC, which currently produces the majority of its custom silicon. The arrangement aligns with the Biden administration's CHIPS Act push to bolster domestic semiconductor capacity amid geopolitical supply-chain concerns.