Intel Stock Surges 14% to New High Amid Reports of Apple Chip Production Talks

SANTA CLARA (CNA) -- US chip manufacturing giant Intel (Intel) saw its stock price surge 14% today, reaching a new historical high and extending its strong gains since April. This rally stems from a Bloomberg News report indicating that Apple Inc. is in talks with Intel and Samsung Electronics to produce key processors for its devices in the United States. The iPhone maker has long relied on TSMC for its chips. Both Intel and Samsung Electronics declined to comment on the reports. Apple did not respond to requests for comment. According to US financial media CNBC, Intel just achieved its best monthly performance in 55 years on Nasdaq, with its stock price soaring 114% in April, pushing its market value past US$470 billion. Several important partnerships also helped drive this rally. Last month, Intel announced it would expand its partnership with Google and plans to join Elon Musk's Terafab project. Additionally, Intel announced it would spend US$14.2 billion to buy back its Fab 34 wafer factory in Ireland. The rise of artificial intelligence (AI) has driven new demand for Intel's central processing units. During Intel's first-quarter earnings call, CEO Pat Gelsinger (Chen Li-wu) called central processing units an "indispensable foundation in the AI era." Intel has struggled to keep pace in the AI race due to major process delays, but with its stock price soaring, the chipmaker has seen a significant turnaround. Since the US government acquired a 10% stake and invested US$8.9 billion last August, Intel's stock price has now surged over 330%. AI chip giant Nvidia's announcement last September to invest US$5 billion also fueled Intel's stock rebound. US President Trump praised Intel's stock rise last week. He posted on his social media platform "Truth Social," writing: "Intel stock continues to go up. I am very proud of that company because in the last 90 days alone, I have made over $30 Billion for the United States, all from that one stock." "Congratulations to Intel for doing so well, and more importantly, congratulations to the American People for making such a smart investment!" (Compiled by: Chang Hsiao-wen) 1150506 Choose to stand with facts, every sponsorship you make is a force to protect press freedom. Download CNA's "First-hand News" APP to get the latest news instantly. The text, images, and audio-visual content on this website may not be reproduced, publicly broadcast, publicly transmitted, or utilized without authorization.