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Intel Seeks Apple Investment Amid Chipmaker Turnaround Efforts
Intel Seeks Apple Investment Amid Chipmaker Turnaround Efforts
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BTCCSquare news:
Intel is courting Apple for a potential investment, following its recent $5 billion deal with Nvidia, according to Bloomberg. The chipmaker's shares surged 6% on the news, though Apple's stock remained flat. Once a major Intel customer, Apple has shifted to in-house processors, leaving Intel to seek alternative partnerships.
Wall Street views Intel's turnaround as contingent on securing more customer commitments and funding. The Nvidia deal—and a potential Apple partnership—could signal growing confidence in Intel's foundry ambitions. Despite this year's 25% stock rally, Intel remains far from its historical highs, underscoring the challenges ahead.
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