Menu

Post image 1
Post image 2
Post image 3
1 / 3
0

Intel soars 14% on report of Apple chip talks, hits new all-time high

CNBC·Lola Murti·27 days ago
#VPTjx8kT
Reading 0:00
15s threshold

Intel headquarters in Santa Clara, California, on Jan. 22, 2026. Justin Sullivan | Getty Images Intel shares climbed 14% Tuesday, hitting a new all-time high as the chipmaker continued its historic run from April. The jump comes on a Bloomberg report that Apple is in talks with both Intel and Samsung to produce the main processors for its devices in the U.S. The iPhone maker has had a long-time reliance on chips from Taiwan Semiconductor Manufacturing Co . Intel and Samsung declined to comment on the report. Apple did not respond to a request for comment. The surge follows Intel's best month in its 55 years on the Nasdaq. The stock jumped 114% in April and pushed the market cap past $470 billion. Several major partnerships helped fuel the rally. The U.S. semiconductor firm announced an expansion of its partnership with Google , as well as plans to join Elon Musk's Terafab project in April. Intel also announced it would repurchase its Fab 34 chip facility in Ireland last month for $14.2 billion.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.

Read More