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Intel Shares Surge Following Report of Preliminary Chip Deal With Apple

Intel stock reached a record high Friday after reports that the company reached a preliminary agreement to manufacture chips for Apple devices.

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Preliminary Agreement Reached

Apple and Intel have reached a preliminary agreement for Intel to manufacture some of the chips that power Apple's devices. According to a report from the Wall Street Journal, which cited people familiar with the matter, the two companies had been engaged in intensive discussions for more than a year before finalizing a formal agreement in recent months.

The deal represents a potential boost to Intel's contract manufacturing business. While the specific details of the chips to be produced were not disclosed, the agreement marks a significant shift in the partnership between the two technology giants.

Market Reaction

Intel shares reacted sharply to the news, jumping approximately 15% on Friday. This surge put the stock on track for its best day since April 24 and marked its fourth consecutive record high. Some reports indicate the stock spiked as much as 19% following the news, contributing to a year-to-date increase of 240%.

Apple stock also saw a positive movement, rising approximately 2% following the reports of the preliminary deal.

Industry Context

The agreement occurs within a highly concentrated market for high-end semiconductor production. Intel, Samsung, and Taiwan Semiconductor Manufacturing Company (TSMC) are currently the only three companies globally capable of manufacturing the most advanced chips required for artificial intelligence.

Analysts note that the move aligns with broader efforts by the United States government to shore up domestic chip production and reduce reliance on foreign manufacturing.

Sources (8)Open
  1. 1.CNBC — Intel shares soar on Apple chip deal report. Here's why it signals a total pivot for chipmaking
  2. 2.Businessinsider — Intel spikes 19% on news of a deal to make chips for Apple devices
  3. 3.Usnews — Apple, Intel Reach Preliminary Chip-Making Deal, WSJ Reports
  4. 4.Msn — Apple, Intel reach preliminary chip-making deal, WSJ reports
  5. 5.Msn — Intel shares surge 15% on report of preliminary Apple chip deal
  6. 6.9to5mac — Apple and Intel have reached a deal to produce future chips: report
  7. 7.Msn — Intel stock hits fourth straight record high as Apple report fuels chip rally
  8. 8.Invezz — Intel stock supercharged after reports of preliminary deal with Apple

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How NewsNews AI made this storyOpen

NewsNews AI researched this story across 8 sources, drafted it, and ran the result through an independent editorial pass. It cleared editorial review on first pass.

  • 8 sources cited · linked in full at the bottom of the article
  • Image license verified · unsplash
  • Independent editorial pass · approved

From the editor

Verified all major claims against source snippets: the preliminary Apple-Intel chip deal is confirmed by sources [3], [4], [6], [8]; the ~15% stock jump and fourth consecutive record high are supported by [7]; the 19% spike and 240% YTD gain are supported by [2]; the one-year-plus of intensive talks and ~2% Apple stock rise are supported by [8]; the three-company advanced chip manufacturing claim is directly supported by [1]; and the U.S. domestic chip production angle is supported by [4]. All citations are correctly attributed, no fabricated quotes, and the article draws from multiple sources throughout.

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