Trump: Apple partnering with Intel on chip design, production in US

AI Summary
Apple CEO Tim Cook announced that the company must raise prices on its products due to escalating memory chip costs driven by the artificial intelligence boom. As tech companies redirect semiconductor supplies toward AI infrastructure, component costs for consumer electronics have surged beyond levels Apple can absorb. Cook described the situation as unsustainable, indicating the company had previously shielded customers from cost increases but can no longer do so.
President Trump announced early Thursday Apple will partner with semiconductor manufacturer Intel to design and produce chips in America as the White House pushes to reshore manufacturing to the U.S.
Trump, in an overnight Truth Social post, said U.S. companies "design everything" but "need to build it here," including the production of semiconductor chips used...
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