<p>目前，大型科技公司的热门趋势似乎是向 <strong>英特尔</strong>(INTC 6.82%) 投入大量资本。</p>
<p>上个月，联邦政府投资了 89 亿美元，持有这家芯片制造商大约 10% 的股权。紧随其后，亚洲科技巨头 <strong>软银</strong> 以 20 亿美元的投资进入该公司。最后，在九月份，<strong>英伟达</strong> 以 50 亿美元的股票回购加入了投资。</p>
<p>现在，显然 <strong>苹果</strong>(AAPL 0.77%) 也可能准备掏出钱包。</p>
<h2>再次合作……也许</h2>
<p>周三，彭博社援引匿名 “知情人士” 的话报道，英特尔已就此投资接触苹果。两家科技巨头的官员也讨论了潜在的合作。文章没有说明苹果被要求投资多少，或未来合作可能采取何种形式。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzUwMjIvcGVyc29uLWhvbGRpbmctcGF5bWVudC1jYXJkLXdoaWxlLXVzaW5nLWEtbGFwdG9wLXBjLmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="466" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzUwMjIvcGVyc29uLWhvbGRpbmctcGF5bWVudC1jYXJkLXdoaWxlLXVzaW5nLWEtbGFwdG9wLXBjLmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<p>报告的消息来源确实表示，这些讨论处于早期阶段。因此，可能不会导致任何协议。此外，这些人士表示，英特尔还联系了其他企业进行投资和合作。没有给出具体名称，但如果这属实，我们可以安全地假设这些都是规模庞大且资金充足的同行科技公司。</p>
<p>英特尔和苹果都没有对该报告发表评论，发布后也没有来自双方的官方消息。</p>
<h2>之前的合作伙伴</h2>
<p>这对公司在不久的过去有着漫长的商业关系。</p>
<p>最显著的是，在 2006 年，英特尔开始为苹果电脑制造处理器，但随着时间的推移，后者决定将这些关键组件内部化。第三方到自家生产的过渡始于 2020 年，苹果在 2023 年停止了最后一款英特尔驱动的机器。</p>
<p>自那时起，苹果一直在努力维护其作为相对高端智能手机制造商的地位（到目前为止，本十年其 iPhone 在全球市场份额维持在 20% 高位，面对更为普及的安卓设备）。</p>
<p>然而，英特尔的命运却在下滑。多年来一直是其主要收入来源的 PC 市场最近并没有成为一个令人振奋的增长来源——自 2015 年以来，全球年出货量下降的幅度超过了上升的幅度，这还考虑到了 2021 年因 COVID 引发的激增。</p>
<p>与此同时，该公司在拥抱能够满足人工智能（AI）技术重度需求的强大下一代处理器方面进展缓慢且效果不佳（与具有前瞻性的英伟达形成鲜明对比，后者现在在该领域已成为强者）。而一个长期承诺的努力，即成为其他公司的芯片制造商（在行业术语中称为 “代工”），也没有获得太多进展。</p>
<h2>钱不能解决所有问题</h2>
<p>在报告发布后，英特尔的股价上涨了 6%，而苹果的股价下跌了 1%。这告诉我，科技投资的集体思维认为任何潜在的合作对英特尔来说都是一个胜利。对苹果来说，则不然。</p>
<p>这很有道理。英特尔面临的主要问题既艰巨又深刻，并不是简单的现金注入（即使是大额的）就能轻易解决的。尽管如此，从公司和政府那里获得数十亿美元至少给了英特尔一个应对问题并重新崛起的机会。那么，为什么不接受苹果的巨额投资换取一部分股票呢？</p>
<p>不过，对于 iPhone 制造商来说，看到任何真正的好处似乎更难。毕竟，它可能并不希望与英特尔建立任何形式的开发或制造合作关系；毕竟，它在自主芯片的努力上投入了大量时间、资本和资源。</p>
<p>此外，它与全球最成功的第三方芯片制造商 <strong>台积电</strong> 似乎有着良好的关系，后者为苹果生产处理器。据我所知，没有理由去动摇这艘船。</p>
<p>另一种动机可能在于政治领域。特朗普政府的主要目标之一是将制造业，尤其是科技制造业，带回美国。为此，苹果在四月份承诺在美国增加 1 亿美元的投资，增加到已有的 5000 亿美元承诺。</p>
<p>将其中的一部分资金投入英特尔将有助于满足这一承诺。然而，在公告中，首席执行官蒂姆·库克表示，额外的资金将包括 “与美国 10 家公司进行新的和扩展的合作。它们生产的组件用于全球销售的苹果产品。”</p>
<p>这听起来很像是旨在将资金引导到现有的商业伙伴，而不是多年前分手的伙伴。</p>
<h2>最好不要指望它</h2>
<p>最终，如果我是个赌徒，我不会把钱押在苹果会投资英特尔上。是的，像英伟达一样，该公司在其最新报告的季度末拥有超过 300 亿美元的现金，但它并不是通过模糊或随意的支出成为今天的巨头。似乎，至少在最佳情况下，苹果与任何程度的英特尔投资都没有太多可得。</p>
<p>然而，在科技界，确实有过许多奇特的投资，其中一些甚至取得了成功。因此，这些英特尔 - 苹果的讨论值得两家公司股东关注，因为谁也不知道。不过，我个人并不期待这对的重聚。</p>

英特尔

苹果

2 倍做多 AAPL ETF - GraniteShares

苹果每日 1 倍做空 ETF - Direxion

苹果每日 2 倍做多 ETF - Direxion

AAPX

AAPY

APLY

<p>苹果可能正在考虑对英特尔进行重大投资，此前联邦政府、软银和英伟达已进行了投资。据报道，讨论仍处于初期阶段，尚无确认的金额或合作细节。消息传出后，英特尔的股价上涨了 6%，而苹果的股价下跌了 1%。尽管英特尔面临财务困境，但投资可能有助于其应对挑战，但苹果可能不会在重燃与英特尔的过去合作中看到明显的优势，尤其是在其与台积电的当前关系下</p>

<p>The hot trend in big tech now, it seems, is to plow vast amounts of capital into <strong>Intel</strong>(INTC 6.82%).</p>
<div class="lb-trans"><p>目前，大型科技公司的热门趋势似乎是向 <strong>英特尔</strong>(INTC 6.82%) 投入大量资本。</p>
</div><p>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 conglomerate <strong>SoftBank</strong> bought into the company with a $2 billion investment. Finally, in September, <strong>Nvidia</strong> piled in with a $5 billion stock buy.</p>
<div class="lb-trans"><p>上个月，联邦政府投资了 89 亿美元，持有这家芯片制造商大约 10% 的股权。紧随其后，亚洲科技巨头 <strong>软银</strong> 以 20 亿美元的投资进入该公司。最后，在九月份，<strong>英伟达</strong> 以 50 亿美元的股票回购加入了投资。</p>
</div><p>Now, apparently, <strong>Apple</strong>(AAPL 0.77%) might be reaching for its wallet, too.</p>
<div class="lb-trans"><p>现在，显然 <strong>苹果</strong>(AAPL 0.77%) 也可能准备掏出钱包。</p>
</div><h2>Together again... maybe</h2>
<div class="lb-trans"><h2>再次合作……也许</h2>
</div><p>On Wednesday, Bloomberg, citing unnamed &#34;people familiar with the matter,&#34; reported that Intel approached Apple regarding such an investment. Officials from the two tech giants also talked about potentially working together. The article didn't state how much Apple is being asked to invest, or what form future collaboration could take.</p>
<div class="lb-trans"><p>周三，彭博社援引匿名 “知情人士” 的话报道，英特尔已就此投资接触苹果。两家科技巨头的官员也讨论了潜在的合作。文章没有说明苹果被要求投资多少，或未来合作可能采取何种形式。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzUwMjIvcGVyc29uLWhvbGRpbmctcGF5bWVudC1jYXJkLXdoaWxlLXVzaW5nLWEtbGFwdG9wLXBjLmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F835022%2Fperson-holding-payment-card-while-using-a-laptop-pc.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><p>The report's sources did say that these discussions are at an early stage. As such, it's possible they won't result in any kind of agreement. Additionally, those folks said Intel also contacted other enterprises about investments and partnering up. No names were given, but if this is accurate we can safely assume these are sizable and well-capitalized peer tech companies.</p>
<div class="lb-trans"><p>报告的消息来源确实表示，这些讨论处于早期阶段。因此，可能不会导致任何协议。此外，这些人士表示，英特尔还联系了其他企业进行投资和合作。没有给出具体名称，但如果这属实，我们可以安全地假设这些都是规模庞大且资金充足的同行科技公司。</p>
</div><p>Neither Intel nor Apple commented on the report, and there has been no official word from either following publication.</p>
<div class="lb-trans"><p>英特尔和苹果都没有对该报告发表评论，发布后也没有来自双方的官方消息。</p>
</div><h2>Previously partners</h2>
<div class="lb-trans"><h2>之前的合作伙伴</h2>
</div><p>The pair had a lengthy business relationship in the recent past.</p>
<div class="lb-trans"><p>这对公司在不久的过去有着漫长的商业关系。</p>
</div><p>Most notably, in 2006 Intel started manufacturing processors for Apple computers, but over time the latter decided it was more advantageous to bring such critical components in-house. The transition from third-party to homegrown began in 2020, and Apple discontinued the last Intel-powered machine in 2023.</p>
<div class="lb-trans"><p>最显著的是，在 2006 年，英特尔开始为苹果电脑制造处理器，但随着时间的推移，后者决定将这些关键组件内部化。第三方到自家生产的过渡始于 2020 年，苹果在 2023 年停止了最后一款英特尔驱动的机器。</p>
</div><p>Since then Apple bobbled along, effectively defending its position as a relatively high-end smartphone maker (so far this decade its iPhone has maintained global market share in the high-20% range against the more ubiquitous Android devices).</p>
<div class="lb-trans"><p>自那时起，苹果一直在努力维护其作为相对高端智能手机制造商的地位（到目前为止，本十年其 iPhone 在全球市场份额维持在 20% 高位，面对更为普及的安卓设备）。</p>
</div><p>Intel's fortunes, however, declined. The PC market that was its bread and butter for many years hasn't been an inspiring source of growth lately -- annual worldwide shipments have fallen more than they've risen since 2015, and that takes into account a COVID-fueled spike in 2021.</p>
<div class="lb-trans"><p>然而，英特尔的命运却在下滑。多年来一直是其主要收入来源的 PC 市场最近并没有成为一个令人振奋的增长来源——自 2015 年以来，全球年出货量下降的幅度超过了上升的幅度，这还考虑到了 2021 年因 COVID 引发的激增。</p>
</div><p>Meanwhile, the company has been slow and ineffective in embracing powerful, next-generation processors that can handle the heavy demands of artificial intelligence (AI) technology (in contrast to the prescient Nvidia, which is now a powerhouse in the segment). And a long-promised effort to be a chipmaking business for others (or &#34;foundry&#34; in industry parlance) hasn't gotten much traction.</p>
<div class="lb-trans"><p>与此同时，该公司在拥抱能够满足人工智能（AI）技术重度需求的强大下一代处理器方面进展缓慢且效果不佳（与具有前瞻性的英伟达形成鲜明对比，后者现在在该领域已成为强者）。而一个长期承诺的努力，即成为其他公司的芯片制造商（在行业术语中称为 “代工”），也没有获得太多进展。</p>
</div><h2>Money can't solve every problem</h2>
<div class="lb-trans"><h2>钱不能解决所有问题</h2>
</div><p>In the wake of the report, Intel's share price shot up by 6% and Apple's sagged by 1%. That's telling me the tech investing hive mind thinks any potential tie-up would be a win for Intel. For Apple, not so much.</p>
<div class="lb-trans"><p>在报告发布后，英特尔的股价上涨了 6%，而苹果的股价下跌了 1%。这告诉我，科技投资的集体思维认为任何潜在的合作对英特尔来说都是一个胜利。对苹果来说，则不然。</p>
</div><p>That stands to reason. Intel's major troubles are daunting and deep, and not the kind that can easily be wiped away by infusions of cash (even large ones). That said, getting billions from companies and governments gives Intel at least a fighting chance at tackling the problems and becoming prominent again. So why not accept a fat bag from Apple for a chunk of stock?</p>
<div class="lb-trans"><p>这很有道理。英特尔面临的主要问题既艰巨又深刻，并不是简单的现金注入（即使是大额的）就能轻易解决的。尽管如此，从公司和政府那里获得数十亿美元至少给了英特尔一个应对问题并重新崛起的机会。那么，为什么不接受苹果的巨额投资换取一部分股票呢？</p>
</div><p>It's harder to see any real advantage for the iPhone maker, though. It probably doesn't desire any kind of development or manufacturing partnership with Intel; it expended much time, capital, and resources in that proprietary chip effort, after all.</p>
<div class="lb-trans"><p>不过，对于 iPhone 制造商来说，看到任何真正的好处似乎更难。毕竟，它可能并不希望与英特尔建立任何形式的开发或制造合作关系；毕竟，它在自主芯片的努力上投入了大量时间、资本和资源。</p>
</div><p>Besides, it has what appears to be a fine relationship with the most successful third-party chippie in the world, <strong>Taiwan Semiconductor Manufacturing</strong>, which cranks out those Apple processors. As far as I can tell, there's no reason to rock this boat.</p>
<div class="lb-trans"><p>此外，它与全球最成功的第三方芯片制造商 <strong>台积电</strong> 似乎有着良好的关系，后者为苹果生产处理器。据我所知，没有理由去动摇这艘船。</p>
</div><p>A different motivation might lie in the political realm. One of the top Trump administration goals is to bring manufacturing, especially that of the tech variety, back into this country. To that end, in April Apple promised to add $100 million to its investments in this country, adding to an existing $500 billion pledge.</p>
<div class="lb-trans"><p>另一种动机可能在于政治领域。特朗普政府的主要目标之一是将制造业，尤其是科技制造业，带回美国。为此，苹果在四月份承诺在美国增加 1 亿美元的投资，增加到已有的 5000 亿美元承诺。</p>
</div><p>Putting a few of those bucks into Intel would help satisfy this commitment. However, in the announcement, CEO Tim Cook said the extra funding would include &#34;new and expanded work with 10 companies across America. They produce components that are used in Apple products sold all over the world.&#34;</p>
<div class="lb-trans"><p>将其中的一部分资金投入英特尔将有助于满足这一承诺。然而，在公告中，首席执行官蒂姆·库克表示，额外的资金将包括 “与美国 10 家公司进行新的和扩展的合作。它们生产的组件用于全球销售的苹果产品。”</p>
</div><p>This sounds very much like it's aiming to channel money to existing business partners, not ones it divorced years ago.</p>
<div class="lb-trans"><p>这听起来很像是旨在将资金引导到现有的商业伙伴，而不是多年前分手的伙伴。</p>
</div><h2>Wisest not to count on it</h2>
<div class="lb-trans"><h2>最好不要指望它</h2>
</div><p>Ultimately, if I were a betting man I wouldn't place any money on Apple placing money on Intel. Yes, like Nvidia the company has piles of cash in its treasure chest (over $30 billion at the end of its latest-reported quarter), but it didn't become the behemoth it is today by spending vaguely or casually. There seems to be, at best, little for it to gain with any level of Intel buy-in.</p>
<div class="lb-trans"><p>最终，如果我是个赌徒，我不会把钱押在苹果会投资英特尔上。是的，像英伟达一样，该公司在其最新报告的季度末拥有超过 300 亿美元的现金，但它并不是通过模糊或随意的支出成为今天的巨头。似乎，至少在最佳情况下，苹果与任何程度的英特尔投资都没有太多可得。</p>
</div><p>Yet in the tech world, far more oddball investments have been made, some of which were even successful. So these Intel-Apple discussions are worth monitoring for shareholders of both companies, because one never knows. Still I, for one, am not expecting a reunion of the pair.</p>
<div class="lb-trans"><p>然而，在科技界，确实有过许多奇特的投资，其中一些甚至取得了成功。因此，这些英特尔 - 苹果的讨论值得两家公司股东关注，因为谁也不知道。不过，我个人并不期待这对的重聚。</p>
</div>

Is Apple About to Invest Billions in Intel?

- 大型科技公司纷纷投资英特尔，联邦政府投资 89 亿美元。  
- 英特尔与苹果讨论潜在投资，但尚无具体协议。  
- 苹果与英特尔的合作关系已结束，未来合作前景不明。

苹果是否即将向英特尔投资数十亿美元？