US EditionIntel seeks investment from Apple, Bloomberg News reports
Intel seeks Apple investment to support its government-backed comeback after a decade of decline, following $5 billion from Nvidia and a 10% US government stake.
- Intel reportedly approached Apple for a possible investment or partnership, though the discussions are at an early stage.
- Intel's shares rose as much as 4% in premarket trading following the report, while Apple's stock ticked slightly higher.
- Neither Apple nor Intel immediately responded to requests for comment from Forbes.
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65 Articles
Intel Corp has contacted Apple Inc to get an investment in the chip maker, according to people familiar with the issue. This is part of efforts to boost a business that is now partially owned by the U.S. government. Apple and Intel have also discussed how to collaborate more closely, according to people, who asked not to be identified because the discussions are private. Conversations are at an early stage and might not culminate in an agreement…
Is Apple About to Invest Billions in Intel? @themotleyfool #stocks $INTC $AAPL $TSM $NVDA $SFTBF $SFTB.Y
Key PointsA media report stated that the two companies have held discussions recently.These apparently concern a new partnership, an investment by Apple, or both.10 stocks we like better than Intel › The hot trend in big tech now, it seems, is to plow vast amounts of capital into Intel (NASDAQ: INTC). Last month, the federal government invested a cool $8.9 billion to own roughly 10% of the chipmaker's equity. Closely following that, Asian tech c…
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