--- title: "Intel surged 13.96%, with a market value exceeding $600 billion, possibly to manufacture chips for Apple" type: "News" locale: "en" url: "https://longbridge.com/en/news/285789670.md" description: "Intel's stock price surged by 13.96%, with a market value exceeding $600 billion, due to a preliminary agreement with Apple to produce chips for them. Since April, Intel's stock price has tripled, making it the 19th largest company by market value globally. Apple ships over 200 million iPhones annually, and any supply chain adjustments will impact market expectations. Apple is seeking to diversify its supply chain and may use Intel's 2-nanometer process to produce M-series chips" datetime: "2026-05-09T02:01:06.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285789670.md) - [en](https://longbridge.com/en/news/285789670.md) - [zh-HK](https://longbridge.com/zh-HK/news/285789670.md) --- # Intel surged 13.96%, with a market value exceeding $600 billion, possibly to manufacture chips for Apple On May 9th, at midnight Beijing time on Saturday, the stock price of American chip manufacturer Intel suddenly surged, reaching a peak of $130.57 per share during the trading session, an increase of over 19%. By the close of the U.S. stock market, Intel's stock had risen 13.96% in a single day, closing at $124.92 per share, with the company's market value surpassing $600 billion, exceeding the previous peak during the 2000 internet bubble. Since April, Intel's stock price has been on a steady rise, having tripled to date, and it has climbed to the 19th position in the global market capitalization rankings of publicly listed companies. In terms of news, according to Caixin, Apple and Intel have reached a preliminary agreement, with Intel set to produce chips for Apple devices. Insiders have indicated that intensive negotiations between the two companies have been ongoing for more than a year, and a formal agreement was finalized in recent months. It is currently unclear which Apple products Intel will be producing chips for. If this collaboration materializes, it will add a key alternative to Apple's supply chain and provide Intel with a heavyweight client endorsement to revitalize its foundry business. Apple ships over 200 million iPhones annually, along with millions of iPads and Mac computers. Any adjustments in the supply chain could impact capacity allocation and market expectations. Previously, reports indicated that Apple was seeking alternative foundry options outside of TSMC, aiming to diversify its supply chain against the backdrop of a global chip shortage. In the earnings calls over the past two quarters, Apple CEO Tim Cook has mentioned the issue of insufficient supply of advanced process chips. Cook stated that the Mac Mini, which has been completely out of stock due to the recent "lobster" craze, and the higher-spec Mac Studio may take several months to achieve supply-demand balance. It is still unclear what types of chips will be produced. Reports indicate that as early as last November, Apple was considering using Intel's 18A process (2nm level process) to produce entry-level M-series chips. Prior to this, the two parties had discussed the possibility of Apple investing in Intel. Since 2005, Apple's Mac computers have used Intel's x86 architecture CPUs, but as Intel has stalled for years on the 10nm process, Apple partnered with TSMC to launch the self-developed M1 chip with a 5nm process in 2021, gradually removing Intel's CPUs from the Mac product line. It is reported that Cook once complained to TSMC founder Morris Chang, saying, "Intel simply doesn't know how to be a foundry." For Apple, there is also a potential background to the collaboration with Intel: as the demand for AI chips has surged, the iPhone manufacturer is no longer TSMC's largest customer, with reports indicating that Apple has lost its "priority shipping rights" with TSMC as a result. Intel also had opportunities to manufacture A-series chips for the iPhone and iPad but missed those chances. This time, it is clear that Intel has learned from past lessons Over the past decade, due to a series of strategic setbacks and leadership changes, Intel has gradually fallen behind TSMC and Samsung Electronics in the chip manufacturing sector. In the spring of 2025, Intel brought in industry veteran Chen Liwu to take the helm, followed by a large-scale adjustment of the company's management. From a product perspective, Intel seems to have regained the capability to compete with TSMC and Samsung Electronics. Currently, Intel's two main business lines cover chip design and manufacturing. In the past few months, Intel has launched a series of CPUs based on the 18A (1.8 nanometer) process and will challenge the goal of mass production using the 14A process in the next two years. If the collaboration with Apple materializes, Intel will achieve its goal of partnering with the three major tech giants, which would be a significant boon for Intel's CEO Chen Liwu. It is reported that the key driver behind this deal may be the U.S. federal government, which is a major shareholder of Intel. Insiders revealed that U.S. President Trump personally recommended Intel to Cook during a White House meeting. In August 2025, Intel reached an agreement with the U.S. federal government, which will invest $8.9 billion in Intel's common stock, acquiring 433.3 million shares at a price of $20.47 per share, equivalent to 9.9% of the company's shares. Currently, the U.S. federal government is also Intel's largest single shareholder. At that time, U.S. Secretary of Commerce Howard Lutnick also officially announced this significant news on social media. In the past year, U.S. Secretary of Commerce Lutnick has met multiple times with Apple's then-CEO Cook, NVIDIA CEO Jensen Huang, and SpaceX leader Elon Musk to promote their business with Intel. Subsequently, in September of last year, NVIDIA and Intel reached a collaboration agreement, with NVIDIA investing $5 billion, and the two companies will work together to develop x86 architecture RTX system-on-chip (SoC) for personal computers. On December 29 of last year, Intel announced that it had completed the sale of $5 billion worth of common stock to NVIDIA, issuing and selling 214,776,632 shares of common stock, accounting for approximately 4.91% of Intel's total equity, at a price of $23.28 per share. After the transaction was completed, NVIDIA became Intel's fourth-largest shareholder, following the U.S. government, BlackRock, and Vanguard Group. In April of this year, Intel announced its participation in the Terafab super chip factory project led by Musk, which will use Intel's 14A process (1.4 nanometer process) to manufacture artificial intelligence chips. According to Intel, the project will be located in Austin, Texas, with plans to invest $20 billion to $25 billion to build two advanced chip factories, aiming to achieve an annual production capacity of 1 terawatt, providing dedicated chips for Tesla's Full Self-Driving (FSD) system, Cybercab autonomous taxis, and Optimus humanoid robots, while also manufacturing radiation-resistant, high-performance 2-nanometer chips for SpaceX's orbital AI data center ### Related Stocks - [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md) - [INTC.US](https://longbridge.com/en/quote/INTC.US.md) - [04335.HK](https://longbridge.com/en/quote/04335.HK.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [AAPX.US](https://longbridge.com/en/quote/AAPX.US.md) - [XSD.US](https://longbridge.com/en/quote/XSD.US.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) - [AAPB.US](https://longbridge.com/en/quote/AAPB.US.md) - [AAPU.US](https://longbridge.com/en/quote/AAPU.US.md) - [INTW.US](https://longbridge.com/en/quote/INTW.US.md) - [TSM.US](https://longbridge.com/en/quote/TSM.US.md) - [SSNGY.US](https://longbridge.com/en/quote/SSNGY.US.md) - [BLK.US](https://longbridge.com/en/quote/BLK.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [SMSN.UK](https://longbridge.com/en/quote/SMSN.UK.md) - [BTX.US](https://longbridge.com/en/quote/BTX.US.md) - [BIT.RT*.US](https://longbridge.com/en/quote/BIT.RT*.US.md) - [BDJ.US](https://longbridge.com/en/quote/BDJ.US.md) - [BSTZ.US](https://longbridge.com/en/quote/BSTZ.US.md) - [BIT.RT.US](https://longbridge.com/en/quote/BIT.RT.US.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) ## Related News & Research - ["We Talk to Intel All The Time," Intel Stock (NASDAQ:INTC) Blasts Up With New Apple Agreement](https://longbridge.com/en/news/285765325.md) - [Intel could be moving closer to an Apple partnership—and its stock is racing higher](https://longbridge.com/en/news/285763445.md) - ["Continued Success": Top Investor Expects More Gains from Surging Intel Stock](https://longbridge.com/en/news/285252198.md) - [Intel earns $110B from exporting Chips from Vietnam in 20 Years, seeks long-term growth](https://longbridge.com/en/news/285666007.md) - [AMD vs. Intel: Inside the Chip War, This Analyst Picks a Side](https://longbridge.com/en/news/285786685.md)