Intel shares surged 6.4 percent on Wednesday, closing at USD31.22, following a report from Bloomberg News that the chipmaker has initiated early-stage talks with Apple about a potential investment and closer collaboration.
According to Bloomberg, the discussions between the chipmaker and iPhone manufacture are preliminary and may not ultimately lead to any formal agreement.
This development adds momentum to Intel’s recent rally, which has been fueled by a brighter outlook from Micron Technology for personal computers and traditional servers—two of Intel’s core markets.
Over the past month, Intel’s stock has surged more than 25 percent, boosted by a series of high-profile investments from the U.S. government, SoftBank, and Nvidia.
The potential partnership with Apple highlights Intel’s efforts to strengthen its position amid evolving industry dynamics and growing demand for advanced semiconductor technologies.
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