Apple Needed Capacity. Intel Needed Validation. Washington Got Both.
At 4:39 a.m. on August 7, 2025, Trump posted that Intel's CEO had to go. Within weeks, Lip-Bu Tan walked out of the Oval with an $8.9 billion deal that gave Washington 9.9% of Intel. On Friday, the iPhone maker Trump had been claiming for months finally signed. Apple is using Intel for capacity. Intel is using Apple for credibility. And Washington is using both to demonstrate that an equity stake can steer customers toward a strategic supplier. The customer Trump promised has arrived.
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