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May 8, 2026 — Apple and Intel have reached a preliminary agreement for Intel to manufacture some chips designed for Apple devices, according to Wall Street Journal and multiple reports.
The talks, which Reuters said stretched over more than a year, were formalised in recent months but leave key details — including which products and volumes — unspecified.
Intel shares jumped about 14–15% on the news while Apple stock rose roughly 1.7–2%. Reports say the U.S. government, which acquired a roughly 10% stake in Intel last year, and senior officials including Commerce Secretary Howard Lutnick played an active role encouraging the partnership; President Trump reportedly also lobbied Apple leadership.
The move would give Apple an alternative to Taiwan’s TSMC amid chronic fab capacity shortages driven by surging AI demand, and it would mark a lift for Intel Foundry as CEO Lip-Bu Tan seeks to rebuild the company with investments and partnerships from Nvidia, SoftBank and others.
Both companies declined to comment and timelines for production were not disclosed.







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