Apple Reportedly in Preliminary Talks with Intel for Chip Supply Deal
Apple is reportedly in preliminary discussions with Intel to manufacture chips for some of its devices, aiming to diversify its supply chain and address potential constraints in advanced-node chip production. The news boosted Intel's stock, while broader tech stocks, particularly those tied to AI and semiconductors, saw strong gains. Separately, Broadcom is reportedly exploring a $35 billion private credit deal to fund AI chip development.
Tickers: $AAPL $APO $AVGO $BX $INTC $PANW $TSM
Topics: AI cybersecurity M&A semiconductors stock market supply chain