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Intel and Apple Reach Deal as Apple Moves Some Silicon Onshore

TL;DR

Intel shares surged 13% on a Bloomberg report that Apple is talking to Intel and Samsung to make main processors for US-sold devices, then climbed another 14% after follow-up reports confirmed a manufacturing agreement. It's a landmark win for Intel Foundry and a partial Apple diversification away from TSMC.

Intel shares surged 13% on a Bloomberg report that Apple is talking to Intel and Samsung to make main processors for US-sold devices, then climbed another 14% after follow-up reports confirmed a manufacturing agreement. It's a landmark win for Intel Foundry and a partial Apple diversification away from TSMC.

Key Points

1

Intel shares up 13% on initial Bloomberg report, +14% on confirmation

2

Apple to source some processors for US devices from Intel and Samsung

3

Intel Foundry's largest external customer win to date

Why It Matters

Apple validating Intel Foundry would reshape the leading-edge foundry landscape, end TSMC's near-monopoly on bleeding-edge customers, and accelerate US semiconductor onshoring.

Quick Facts

IntelApplefoundrysemiconductorsTSMC

Frequently Asked Questions

Why does this matter?

Apple validating Intel Foundry would reshape the leading-edge foundry landscape, end TSMC's near-monopoly on bleeding-edge customers, and accelerate US semiconductor onshoring.

What happened?

Intel shares surged 13% on a Bloomberg report that Apple is talking to Intel and Samsung to make main processors for US-sold devices, then climbed another 14% after follow-up reports confirmed a manufacturing agreement. It's a landmark win for Intel Foundry and a partial Apple diversification away from TSMC.

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