Intel's gains expanded to 15%, with the stock price hitting a new all-time high

The Odaily Planet Daily reports that according to Gate data, Intel's gains have expanded to 15%, with the stock price hitting a new all-time high. Insiders 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 main business includes chip design and foundry services (covering both its own products and external clients). Before Chen Liwu took over as CEO last spring, both businesses had been in a prolonged downturn.

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 has 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 companies. (Jin Shi)