A possible agreement would follow NVIDIA‘s $ 5 billion investment last week and the Softbank Group’s August $ 2 billion investment. Intel has also sought other companies with potential investments and partnerships.
An agreement with Apple would be further confirmed for Intel, although it is unlikely that the iPhone manufacturer would return to Intel processors in his devices.
Apple’s most advanced chips are currently manufactured by TSMC Taiwan after the company has switched to self -developed processors over the past five years.
Lip-This TanIntel CEO is trying to recover the company with the support of the federal government. In August, as part of an unusual transaction mediated by the Trump administration, the United States acquired a stake of about 10%in the chip manufacturer, which is considered key to reviving domestic production.
Despite the financial support Intel’s challenges remain significant. The company lost its technological advantage, lost market share over competitors such as AMD, and has not been able to profit from increasing sales of artificial intelligence tools, which is NVIDIA.
Nevertheless, investors have become more optimistic since government capital injection. The company’s shares have risen by more than 50%since early August.
The company’s shares rose 6.4 percent in Wednesday’s trading, while the exchange rate was up 1.5 percent after closing.
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This article does not qualify as investment advice or investment recommendation. Detailed legal information
