chipmaking News & Analysis
2 articles
Market Mood
Intel (INTC) Shares Soar 14% on Apple (AAPL) Chip Deal Report
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.
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Intel (INTC) Gains as Musk's Terafab Uses Latest Chipmaking Tech
Intel (INTC) has been identified as a key partner as Elon Musk stated that his Terafab will utilize Intel's latest '14A' chip manufacturing technology. This positions Intel to potentially secure significant business within the semiconductor industry as they look for major customers for the new manufacturing system. The announcement indicates a growing reliance on advanced chipmaking capabilities, which could enhance Intel's market position. Depending on the execution, this partnership may impact Intel's revenues positively in the near future.
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