Intel (INTC) shares rose nearly 14% as reports indicate a potential chip supply deal with Apple (AAPL). This shift could impact supply chain dynamics.

Intel (INTC) shares surged nearly 14% on Friday, following reports of a potential agreement to supply chips for Apple (AAPL) devices. Talks have reportedly been ongoing for over a year, with a preliminary deal reached in recent months. Currently, Intel's shares have increased over 200% this year, as it ramps up production with a new fabrication plant in Chandler, Arizona. If realized, this deal marks a strategic pivot for Apple, which has primarily relied on Taiwan Semiconductor Manufacturing Co. for its semiconductor needs.

Intel (INTC) Shares Soar 14% on Apple (AAPL) Chip Deal Report

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