Apple · CNBC Technology
Intel shares soar on Apple chip agreement report
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Apple and Intel are reportedly closing in on a deal that would see Intel make some of the chips for the iPhone maker's devices, marking a major shift in the chipmaking landscape.
Key facts
- Elon Musk said last month that he plans to rely on Intel's future 14A chip node at his $119 billion Terafab planned for Austin, Texas, which is meant to make chips for Tesla, SpaceX and SpaceXAI
- Intel's only other major external customer commitment for foundry is unlikely to see real results until 2029
- An Apple-Intel deal won't impact TSMC because "They're already printing wafers as fast as they can," Bajarin said
- WATCH: How Samsung became the world's second biggest advanced chipmaker
Summary
Talks between the two companies have been brewing for more than a year, with a preliminary agreement reached in recent months, the Wall Street Journal reported Friday, citing people familiar with the matter. Intel shares soared nearly 14% on Friday. If it comes to fruition, the deal would be the most notable vote of confidence yet for Intel's once-struggling chip foundry business. For Apple, it would be the end of era.