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Intel Seeks Apple Investment in Turnaround Bid as Nvidia and SoftBank Commit Funds
Intel Seeks Apple Investment in Turnaround Bid as Nvidia and SoftBank Commit Funds
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BTCCSquare news:
Intel's stock surged 7% following reports of its outreach to Apple for investment in what the chipmaker calls a "comeback" strategy. The move comes after Nvidia committed $5 billion and SoftBank added $2 billion to support Intel's revival efforts. While discussions with Apple remain preliminary, any partnership would signal Intel's enduring relevance in big tech despite losing Apple's chip business years ago.
The company's aggressive pursuit of strategic investments follows significant financial struggles, including workforce reductions and frozen factory expansions. Intel CEO Lip-Bu Tan leads the turnaround push, aiming to reposition the semiconductor giant in competitive markets for PC and data center chips.
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