Apple Eyes Intel and Samsung
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The jump comes on reports that Apple is discussing using Intel chips for its U.S. devices and follows a historic 114% surge last month.
Bloomberg reported Intel is in talks with Apple to potentially become the consumer tech giant's main chip manufacturer for devices in the U.S.
Intel stock saw double digit gains on Tuesday after a report said that the US chipmaker is in early talks with Apple for a chip-making deal.
Apple is reportedly in early talks with Intel and Samsung to secure more production for its advanced chips, as the company is constrained by the limited availability of advanced nodes that its SoCs are produced on.
All told, it's unsurprising that Intel's stock is surging on the news. Apple would be the crown jewel of its fledgling foundry operations, which would benefit not just from the tech leader's potentially massive chip orders but also the vote of confidence they would imply to other chip designers.
Dutch startup QuantWare is raising €152 million ($178 million) in a round led by Intel Corp.’s venture capital arm to build a production facility for quantum computing processors.