Key Facts
Shares of Intel (NASDAQ: INTC) surged to new all-time highs on Tuesday after reports emerged that Apple (NASDAQ: AAPL) is considering having Intel manufacture processors for its devices. This marks a significant potential shift in Apple’s chip supply strategy, currently dominated by Taiwan Semiconductor Manufacturing.
According to Bloomberg, Apple’s exploration into diversifying its chip production comes amid ongoing supply shortages that have impacted sales. If Intel secures a deal, it could drastically enhance its foundry operations and provide substantial revenue, although establishing a new supply chain is expected to take years due to high-end processor lead times.
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