Apple and Intel Reach Preliminary Chip-Manufacturing Deal
A reported agreement between the tech giants could bolster Intel's foundry business and support U.S. efforts to increase domestic semiconductor production
2 sources
Intel has reached a preliminary agreement to manufacture some chips for Apple devices, according to a report from the Wall Street Journal on Friday. The two companies have reportedly been engaged in intensive negotiations for more than a year to reach this stage of the deal.[1][2]
The partnership is expected to provide a significant boost to Intel's contract manufacturing business. Furthermore, the arrangement aligns with broader efforts in Washington to shore up semiconductor production within the United States.[2]
