Intel Stock Just Hit A 52-Week High On Apple Buzz: What's Going On?

Benzinga

Intel extended a five-day rally as expectations grew that Apple may outsource up to 20 million entry-level M-series chips to Intel’s 18A process by 2027. The move would mark a partial return to Intel after Apple left in 2020 and would validate Intel’s foundry turnaround. Analysts say such a partnership would also advance U.S. onshore chip-production goals.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:03Intel shares climbed above $43 on Tuesday, extending a five-day rally of more than 20%,

00:09according to Benzinga. Analyst Ming-Chi Kuo said Apple signed an NDA to evaluate Intel's 18A

00:16process and may outsource 15 million to 20 million entry-level M-Series chips to Intel by 2027.

00:23Apple replaced Intel CPUs in 2020, and the possibility of returning orders suggests

00:28progress in Intel's foundry strategy. Winning back Apple orders would validate Intel's foundry

00:33strategy and show its manufacturing has recovered enough to meet Apple's standards.

00:37It also supports U.S. efforts to shift chip production onshore,

00:41positioning an Apple-Intel partnership as a symbol of American semiconductor independence.

00:45For all things money, visit Benzinga.com.

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