Intel Stock Hits All-Time High After Preliminary Chip Deal With Apple

Intel and Apple person reached a preliminary statement for Intel to manufacture immoderate of the chips powering Apple devices, The Wall Street Journal reported Friday. Talks betwixt the 2 companies person been ongoing for much than a year.

Markets did not hold for the good print. Intel banal jumped implicit 13% connected Friday, hitting an intraday precocious of $130.57—clearing the company's dot-com epoch closing precocious of $75.81, acceptable backmost connected the twelvemonth 2000, by astir 72%. For context: 365 days ago, Intel was trading adjacent its 52-week debased of $18.96.

Which products Intel would manufacture for Apple is inactive unclear, but Apple ships implicit 200 cardinal iPhones per twelvemonth connected apical of millions of iPads and Macs. It comes astatine an opportune clip for Intel, arsenic Nvidia and AMD person been steadily eating into its marketplace share.

Right present Apple relies astir wholly connected TSMC for its chips. Intel mightiness absorption connected lower-volume products archetypal and supply immoderate diversification for Apple.

The White House played a nonstop relation successful getting the woody done. President Trump personally advocated for Intel to Tim Cook astatine a gathering astatine the White House. Commerce Secretary Howard Lutnick was besides progressive successful the outreach. With this deal, Intel whitethorn beryllium getting a large concern boost (as the charts show), and the Trump medication whitethorn people a governmental triumph aft pushing precise vocally astir the value of section U.S. spot manufacturing. Apple's participation, successful turn, could assistance polish its narration with the Trump administration.

The authorities has a precise idiosyncratic crushed to care. Last August, the U.S. acquired a 9.9% involvement successful Intel by purchasing 433.3 cardinal shares astatine $20.47 each—a full of $8.9 cardinal funded done the CHIPS and Science Act and unafraid semiconductor programs, per Intel's SEC filing. With Intel present trading supra $120, that presumption has ballooned to good implicit $50 cardinal successful value. Trump took to Truth Social past week to assertion recognition for “making the United States of America implicit 30 Billion Dollars.”

Intel's turnaround communicative has had a batch of moving parts. The authorities involvement was followed by a Panther Lake spot launch—Intel's archetypal merchandise connected its precocious 18A manufacturing process—then a $5 cardinal concern from Nvidia and a $2 cardinal injection from SoftBank. Intel CEO Lip-Bu Tan, who took implicit successful March 2025 aft years of Intel losing marketplace stock to AMD, Nvidia and Apple Silicon, has been hunting for partners and customers ever since.

AMD has been a relentless unit point. As Decrypt reported past October, AMD secured a monolithic 6 gigawatt GPU woody with OpenAI—a woody that included OpenAI acquiring up to 10% of AMD's equity. That was AMD staking its assertion successful AI infrastructure. Intel, by contrast, was betting connected foundry customers. Now it whitethorn person landed the biggest 1 imaginable.

Apple's archetypal Intel-manufactured chips, if the timeline holds, would beryllium astir 18 months away.