Intel shares soar on potential Apple chip manufacturing deal
Updated
Updated · CNBC · May 8
Intel shares soar on potential Apple chip manufacturing deal
15 articles · Updated · CNBC · May 8
The stock jumped nearly 14% on Friday as the companies reportedly neared a preliminary agreement after more than a year of talks; Apple shares rose 2%.
A deal would give Apple a second advanced-chip supplier beyond TSMC, whose capacity is stretched by booming AI demand, and mark a major validation of Intel's foundry business.
Intel's new Arizona fab is now in high-volume production, though analysts say Apple may wait for Intel's next 18A-P node as TSMC, Intel and Samsung race to expand advanced manufacturing.
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