Intel has approached Apple about a potential investment and broader collaboration, according to Bloomberg, as the chipmaker seeks fresh momentum after years of turbulence. Discussions are early and may not yield a deal, but the report lifted Intel’s shares 6% by the close. Intel declined to comment; Apple did not immediately respond.
The outreach follows Nvidia’s $5 billion investment for roughly a 4% stake in Intel, paired with plans to co-develop PC and data-center chips—though not to manufacture Nvidia chips in Intel’s foundry network.
Intel CEO Lip-Bu Tan is courting strategic partners to revive the company’s fortunes amid intense AI competition from Nvidia and AMD. Once dominant in CPUs, Intel has struggled to match rivals in accelerated computing and advanced process technology.
Investor sentiment has brightened on the back of public and private capital. A White House-facilitated 10% federal stake—about $10 billion—aims to support U.S. fab construction, while SoftBank injected $2 billion last month. Intel shares are up 40%+ since mid-August.
An Apple investment would add marquee validation. Apple, a former long-time Intel customer, moved to in-house silicon in 2020. For Apple, closer ties to Intel could diversify manufacturing dependence on TSMC, mitigating geopolitical risk around Taiwan—while giving Intel a high-profile partner as it seeks a comeback.
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