Intel on the Verge of Bagging Apple Deal?

Intel's stocks saw a substantial rise this previous Friday in reaction to a renewed conjecture that Apple may turn into a fresh chip customer. According to reports, the Silicon Valley giant's shares hiked over 10% in the abbreviated trading session on Friday, leading the advances on S&P 500 and Nasdaq.

Ming-Chi Kuo, a financial analyst with TF International Securities based his inclinations on industry surveys, declaring, "Apple becoming a fresh client for Intel has recently seen a significant upswing in likelihood". Kuo even suggested that Intel might commence shipping processors to Apple as early as 2027.

The tech world is contemplating the impacts of such a deal on Intel, which is currently battling continuous uncertainty about its capacity to secure long-standing pledges to its fabrication industry amidst a necessary turnaround. Neither Apple nor Intel came forward with a comment in response to these speculations.

Intel's market performance has been significantly robust this year, having almost doubled in share value following a series of new agreements, inclusive of a collaboration with AI chip frontrunner Nvidia. However, the company's stock is yet to reach its erstwhile peak levels as Intel still has a lot of convincing to do to assure investors about a sustainable revival in its stream of operations.

One of the roadblocks continues to be acquiring new clientele for its manufacturing wing. The Nvidia partnership did not encompass pledges to Intel's foundry, inviting conjectures about the expansion of this association in the future or implying potential difficulties in winning clients over due to the lack of foundry commitments.

A prospective agreement with Apple, who has previously been an Intel customer, might help alleviate these concerns. On the other hand, Apple's shares saw a marginal rise of less than 0.5% this past Friday.