Apple Expanding US Supply Chain with INTC Partnership to Offset Memory Pressure

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Apple Expanding US Supply Chain with INTC Partnership to Offset Memory Pressure

Company Report

June 18, 2026 Apple (AAPL)

Rating: Apple Expanding US Supply Chain with INTC Partnership toOUTPERFORM Offset Memory PressurePrice:

$295.95

12-Month Price Target: Early this morning, President Trump announced that Intel had agreed to a deal

$400.00 with Apple to design and build chips in the US with Apple looking to diversify

its manufacturing base and add new chip capacity. This follows reports from

Bloomberg that Apple was considering Intel and Samsung’s US foundries toAnalysts

produce certain main processors powering its devices, but this partnership helpsDan Ives

(212) 344-2073 Apple with chip development and manufacturing on US soil with greater focus

Dan.Ives@wedbush.com on reducing dependence on Asian manufacturing facilities. This also comes after

Steven Wahrhaftig President Trump is expected to return from the G7 summit where semiconductor

(212) 931-7059 supply chains and reducing dependence on Asian chip manufacturing were among

steven.wahrhaftig@wedbush.com the key topics on the agenda. This preliminary deal to make chips for Apple comes

Sam Brandeis after more than a year of negotiations with the Trump post now confirming a deal(212) 222-3005

sam.brandeis@wedbush.com is now in place. After Apple transtioned away from Intel chips for its own in-house

Anish Jog Apple SIlicon, the company will now do a significant portion of deals with Intel

(917) 747-3095 in the coming years with US manufacturing for Apple now representing a huge

anish.jog@wedbush.com opportunity for Intel with Apple now going into this 3-4 year AI-driven device cycle.

Matthew Ricapito This is the right time to do this deal with Apple looking to diversify its manufacturing