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Apple and Intel Strike Preliminary Chip-Making Deal, Sending Intel Shares Soaring
Apple has reached a preliminary agreement with Intel to manufacture future chips at Intel's U.S. foundries, a major validation of Intel's foundry pivot amid surging AI demand for CPUs in inference workloads. The news propelled Intel shares up over 10% to new highs, accelerating Wall Street's 'changing of the guard' from Nvidia dominance. This deal underscores diversification in the AI supply chain beyond TSMC.
Why it matters
Revives Intel as a key player in AI hardware ecosystem, boosting domestic chip production and highlighting CPUs' rising role in cost-efficient AI inference.