Intel has approached Apple to ensure an investment in the chip manufacturer in difficulties, Bloomberg News reported Wednesday, citing people familiar with the matter.
The iPhone and Intel manufacturer have also discussed how to work more closely, according to the report, which added that the conversations are at an early stage and may not be realized in an agreement. Intel’s actions closed with a 6% rise after the news.
Intel declined to comment, while Apple did not immediately respond to a request for Reuters comments.
The report occurs days after Nvidia announced that it would invest 5,000 million dollars in Intel for a participation of approximately 4% in the company.
The NVIDIA agreement with Intel includes a plan for both companies to develop PC chips and data centers, but, crucially, it does not contemplate that the Intel contract manufacturing unit – its foundry – produces computer chips for NVIDIA.
Intel CEO, Lip-Bu Tan, has been looking to attract partners as part of the restructuring of the weakened chips manufacturer. Once the semiconductor industry, which presumed to put the “silicon” in Silicon Valley, Intel has had difficulties in competing in the artificial intelligence career, leaving the rivals such as Nvidia and Advanced Micro Devices.
Nvidia’s investment came just weeks after the White House managed an extraordinary agreement for the federal government to take a 10% participation in Intel, which would guarantee that the company receives about 10,000 million dollars in funds to build or expand factories in the US.
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Capital injections in Intel have raised the mood of investors, with the shares rising more than 40% since mid -August. Apple’s possible investment would represent another vote of confidence in Intel. Apple had been Intel long -term client before changing, in 2020, to its own custom chips.
For Apple, which depends largely on TSMC, Intel rival, to manufacture its chips, the new alliance would allow it to diversify its suppliers base, a measure that could be valuable if geopolitical risks are aggravated in Taiwan due to China’s role in the region.
The potential investment in the US would also help strengthen Apple’s relationship with President Donald Trump. Although much of Apple’s supply chain remains international, the company has promised to allocate about 600,000 million dollars to domestic initiatives in the next four years.
In response to a Reuters consultation on whether the Trump administration had had conversations with Intel or Apple about an investment, and if it would support such agreement, the White House spokesman, Kush Desai, said: “The US government. UU. It does not participate in the daily operations of Intel. Taxpayers have a shareholding participation in Intel’s success, and the administration supports US iconic companies in order to consolidate US technological domain. ”
Forge lucrative associations and convince external customers to use Intel factories remains key to their future. According to the Bloomberg News report, the company based in Santa Clara, California, has also approached other companies about possible investments and collaborations.
With Reuters information
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