Intel and Apple Strike Chip Manufacturing Deal
Intel (NASDAQ: INTC) has reached an agreement with Apple (NASDAQ: AAPL) to manufacture some of Apple’s chips in the U.S. This deal comes amid a backdrop of Intel’s resurgence following significant U.S. government investment; a notable $8.9 billion push announced on August 22, 2025, which has seen Intel’s stock rise approximately 440% since.
Currently, Intel trades at a premium, with a price-to-earnings ratio of 123 times forward earnings and 87 times projected earnings for 2027. Nearly all of Apple’s chips are sourced from Taiwan Semiconductor Manufacturing Company (TSMC), which is experiencing capacity constraints. This opens the door for Intel, potentially allowing the company to tap into a significant revenue stream if the partnership yields robust outcomes.
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