Intel's gains expand to 15%, stock price hits a new all-time high

Odaily Odaily News: According to Gate data, Intel's gains have expanded to 15%, with its stock price reaching a new all-time high. Sources revealed that Apple has reached a preliminary agreement with Intel for Intel to produce some chips for Apple devices.

It is currently unclear which Apple products Intel will manufacture chips for. Apple ships over 200 million iPhones annually, along with millions of iPads and Mac computers. Intel's primary business involves chip design and foundry services (including both its own products and those for external clients). Before Chen Liwu took over as CEO last spring, both segments had been underperforming for a long time.

Last summer, the Trump administration converted nearly $9 billion in federal grants into Intel stock, holding a 10% stake, which facilitated Apple's participation in negotiations. Sources say that U.S. Commerce Secretary Howard Lutnick met multiple times over the past year with Apple CEO Tim Cook, Tesla CEO Elon Musk, and Nvidia CEO Jensen Huang, attempting to persuade them to collaborate with Intel. With Apple joining, Intel has now established partnerships with all three aforementioned companies. (Jin Shi)