Intel shares hit a record high today Bloomberg report he claimed that Apple is exploring Intel and Samsung Electronics as potential manufacturing partners for future device chips. Here are the details.
Intel reached a record price
last night Bloomberg Apple has said it is exploring early-stage talks with Intel to diversify its core device chip production away from TSMC and is evaluating the capabilities of Samsung Electronics.
The report notes that while Apple has reliability concerns and that it “ultimately cannot move forward with another partner,” it’s enough to send Intel’s stock on a tear.
Shares of Intel hit a record high of $110.48 during today’s trading and closed at $108.18 for a record market value of $543.71 billion.
Today’s earnings extended a remarkable comeback for Intel. After falling to $18.96 over the past year, the stock is up 174% in 2026 and 433% year-to-date, and added another 4.76% in after-hours trading.
Most of these gains came after announcing the settlement with the US government get a share of about 10% In the company on August 22, 2025.
In addition to his deal with Trump, Tan has overseen a major shift in Intel’s pace of business since replacing interim co-chairmen David Zinsner and Michelle Johnston Holthaus, who led the company in December 2024 following the departure of former CEO Pat Gelsinger.
In betweenthe company returned to revenue growth, beating Wall Street expectations and benefiting from renewed demand for its core CPU business, especially as AI infrastructure spending began to expand beyond GPUs.
Rekindling the partnership would be another feather in the cap for Tan when it comes to relations with Apple, as Apple famously abandoned Intel after roadmap delays and missed deadlines affected the Mac’s performance.
Last July, Reuters reported that Tan was already exploring changes to Intel’s foundry strategy aimed at making the company more competitive for key foreign customers such as Apple and Nvidia, including focusing more resources on the next-generation 14A process rather than trying to win new customers with 18A.
A few months later, analysts Ming-Chi Kuo and Jeff Pu both suggested Kuo points to mainstream M-series chips for Macs and iPads in 2027, Intel may start producing some Apple-made chips later this decade, and Pu says Intel-made non-Pro iPhone chips will arrive in 2028.
This in turn came later Bloomberg informed Intel approached Apple to invest in the company, while the two companies also discussed ways to work more closely together as Intel tries to continue its turnaround story. From the report:
Intel Corp. has approached Apple Inc. to invest in the ailing chipmaker, part of an effort to shore up the business, which is now partly owned by the U.S. government, according to people familiar with the matter.
Apple and Intel are also discussing how to work more closely together, said the people, who asked not to be identified because the discussions are private. The people said that the talks are in the early stages and you may not reach an agreement.
All that said, while this week’s report didn’t include technical details about Apple’s exploratory discussions with Intel, the market found it a compelling enough opportunity to factor it into Intel’s valuation, especially given all that Tan has accomplished in his first year on the job.
What do you think about the possibility of Apple and Intel working together again? Let us know in the comments.
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