Report: Apple, Intel reach preliminary chip-making deal: Reports

Latest updates suggest that, 3 min readMay 9, 2026 09:54 AM IST Landing an Apple contract would give Intel a steady stream of demand from one of the world's largest consumer electronics companies, bolstering both its reputation and a manufacturing business that has fallen behind TSMC in recent ​years. (Express Image/Agencies)Intel has reached a preliminary deal to make some chips for Apple devices, the Wall Street Journal reported on Friday, in a potential boost to Intel’s contract manufacturing business and Washington’s push to shore up U.S. chip production. The companies were engaged in intensive talks for more than a year and they hammered out a formal deal in recent months, the report stated, citing people familiar with the matter.Intel’s stock extended gains to ⁠rise 15% ​on the report, while Apple shares were up about 1.7% in afternoon trading. Landing an Apple contract would give Intel a steady stream of demand from one of the world’s largest consumer electronics companies, bolstering both its reputation and a manufacturing business that has fallen behind TSMC in recent ​years. The ​Journal report stated the U.S. Latest updates suggest that, government, which became Intel’s largest ⁠shareholder last year under a deal with its CEO Lip-Bu Tan, played a major role in bringing Apple to the negotiating table. but stated the administration had generally been trying to bolster Intel., An administration official ‌stated he could not speak to the reported Apple-Intel preliminary deal “In general, we want to and have been helping Intel,” the official stated, adding the effort was not because of the equity stake in Intel, but because the company is a major U.S. semiconductor producer.Story continues below this ad “We have been trying to drum up business for Intel.” The tie-up would also further the Trump ⁠administration’s goal of bringing more ⁠chip production to the U.S. and strengthening domestic manufacturing. In a recent development, based on the ⁠report., It is unclear which Apple products Intel would make chips for In a recent development, ‌Apple declined to comment. and Intel Latest updates suggest that, a deal with Intel could support diversify ​its manufacturing base as it seeks more chip capacity., For Apple Latest updates suggest that, The ‌company relies heavily on TSMC, whose advanced production lines are also in high demand from AI chipmakers such as Nvidia and AMD.Story continues below this ad Apple CEO Tim Cook stated on ‌the company’s most recent earnings ​call that iPhone ​sales were ​held back by supply constraints at its contract manufacturer. The deal would also reunite the two companies, years after Apple moved away from Intel-designed ​processors for its Mac computers and shifted to its own custom ⁠silicon. Latest updates suggest that, Intel has spent the past year signing deals with the U.S. Latest updates suggest that, government and securing investments from Nvidia and SoftBank as Tan pushes to turn around the company. Commerce Secretary Howard Lutnick ‌met repeatedly over ⁠the past year with senior Apple officials, including Cook, as well as SpaceX chief Elon Musk and Nvidia CEO Jensen Huang, to encourage them ​to work with Intel, the WSJ reported. twenty twenty-six, at fifty-four minutes past nine in the morning., Curated For You This article went live on May ninth Tags: Apple Inc Intel