Intel Corporation shares rose Tuesday after reports that Apple Inc. is discussing using Intel chips for its U.S. devices.
This potential partnership represents a significant shift in Apple's supply chain strategy. By diversifying its manufacturing partners, Apple could reduce its reliance on current suppliers while Intel secures a high-profile client to bolster its foundry business.
Market data showed Intel shares jumped between 13% [1] and 14% [2] following the reports. The surge occurred during pre-market trading on the NASDAQ as investors reacted to the news of the discussions [4]. Other reports confirmed the stock rose 13% on the day [3].
Analysts said that Apple is exploring both Intel and Samsung as potential manufacturing partners for the chips used in its U.S.-based devices [5]. This move is seen as a strategic effort by Apple to secure its hardware pipeline, a priority for the company's long-term device roadmap.
Intel has been pursuing a strategy to become a major foundry for other chip designers. A deal with Apple would validate Intel's ability to produce high-end silicon for third parties, potentially attracting other tech giants to its fabrication plants.
Neither Apple nor Intel has officially confirmed the details of these discussions. The market reaction highlights the high stakes for Intel as it attempts to regain its footing in the competitive semiconductor landscape.
“Intel shares jumped between 13% and 14% following the reports.”
This development signals a possible pivot toward domestic chip sourcing for Apple's U.S. market. If realized, the partnership would provide Intel with a critical endorsement of its foundry services, potentially shifting the balance of power in the global semiconductor industry away from a total reliance on overseas fabrication.
