Intel is seeking an investment from Apple as part of its comeback bid

Core Insights - Intel Corp. is seeking an investment from Apple Inc. as part of its efforts to recover from financial difficulties, with discussions reportedly in early stages [1][2][4] - Intel's stock rose by 6.4% to $31.22 following news of the discussions, while Apple's shares closed down slightly at $252.31 [2] - Recent investments in Intel include a $5 billion commitment from Nvidia and a $2 billion investment from SoftBank, indicating growing interest in the chipmaker [3] Company Strategies - Intel is attempting a turnaround with federal government support, having secured a roughly 10% stake from the US government to bolster domestic production [5] - Despite financial backing, Intel faces significant challenges, including loss of market share to competitors like AMD and struggles in the AI sector [6][8] - The company has shifted its strategy under CEO Lip-Bu Tan, cautiously pursuing a foundry model while seeking customer commitments for new production techniques [9] Historical Context - Apple and Intel have a complex relationship, with Apple moving away from Intel processors in favor of in-house chips since 2020 [10] - Apple has committed to investing $600 billion in US initiatives over four years, which includes a focus on domestic production [11] - Apple CEO Tim Cook expressed that competition in the chip foundry industry would be beneficial and indicated support for Intel's recovery efforts [12]