Intel'S stock rose 7% after asking Apple to invest in its turnaround efforts

Intel’s stock popped 7% after the company went straight to Apple asking for a financial lifeline, according to ￰0￱ chipmaker, once the king of semiconductors, is now crawling its way through a rough ￰1￱ wants ￰2￱ wants ￰3￱ now it wants Apple to invest in what it’s calling a “comeback.” The two companies also discussed teaming up again, but it’s too early to say if anything will actually ￰4￱ Cryptopolitan previously reported , Nvidia already threw in $5 billion last week. That’s not ￰5￱ plans to collaborate with Intel on chips for PCs and data ￰6￱ came ￰7￱ Japanese tech group dumped another $2 billion into Intel as it pushes deeper into the US ￰8￱ Intel is pushing harder, reaching out to more companies besides Apple, trying to stitch together enough support to keep ￰9￱ and SoftBank deals change the tone Apple and Intel haven’t been tight in ￰10￱ dumped Intel’s chips about five years ago and built its own silicon.

Today, Apple’s most advanced chips are made by Taiwan Semiconductor Manufacturing Company, not ￰11￱ there’s no sign Apple’s going ￰12￱ a deal, even without chip supply, would show Intel still matters to big tech. That’s why it’s chasing this so ￰13￱ isn’t ￰14￱ is ￰15￱ here’s what’s happening behind the scenes. Intel’s Chief Executive Officer Lip-Bu Tan is leading this whole push. He’s trying to revive a company that’s been bleeding money, cutting workers, and freezing its own factory expansion ￰16￱ paper, this company is ￰17￱ it doesn’t even have a solid foothold in the AI chip world, which is now being dominated by ￰18￱ Intel does have is the US ￰19￱ August, the Trump administration stepped in and bought about 10% of ￰20￱ White House sees Intel as important to the goal of bringing chipmaking back to American ￰21￱ deal wasn’t your usual kind of public ￰22￱ was done fast, under pressure, and with very specific ￰23￱ is now being treated as a strategic ￰24￱ with federal backing, Intel’s problems haven’t ￰25￱ lost its lead in tech years ago and gave up massive market share to companies like ￰26￱ isn’t close to what Nvidia is pulling ￰27￱ were losing ￰28￱ since the government bought in, the mood’s ￰29￱ stock has climbed over 50% since early ￰30￱ shows off domestic spending plans While Intel’s chasing funding, Apple’s doing some public ￰31￱ a White House event in August, Apple CEO Tim Cook announced a $600 billion plan to boost domestic investment over the next four years.

That’s $100 billion more than the previous ￰32￱ highlight of that plan is a $2.5 billion investment into Corning, the company that supplies Apple with iPhone ￰33￱ said the goal is to get other companies moving. “It creates a domino effect,” he told CNBC’s Jim Cramer. It’s not just PR. Apple’s clearly signaling that it’s still invested in the US economy, even as its main manufacturing stays ￰34￱ here’s where things are.

Intel’s pitching hard, trying to sell its ￰35￱ wants Apple on ￰36￱ already has Nvidia and SoftBank wired ￰37￱ it has Washington backing it with real ￰38￱ whether that’s enough to fix what’s broken, nobody’s ￰39￱ Bybit now and claim a $50 bonus in minutes