Intel gains widen to 15%, stock price hits another all-time high

Odaily Planet Daily News According to Gate data, Intel's gains widened to 15%, and its stock price hit another 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 not yet clear which Apple products Intel will produce chips for. Apple ships over 200 million iPhones annually, as well as millions of iPads and Mac computers. Intel's main business includes chip design and foundry services (for itself and external clients). Before Chen Liwu took over as CEO last spring, both businesses had been sluggish 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 over the past year, U.S. Commerce Secretary Howard Lutnick has met multiple times with Apple CEO Tim Cook, Tesla CEO Elon Musk, and Nvidia CEO Jensen Huang, attempting to persuade them to cooperate with Intel. With Apple joining, Intel has now established partnerships with all three of the aforementioned companies. (Jin Shi)