🟢 INTC is trading 4.4% up today on reports of chip manufacturing talks with Apple

INTC is trading at $114.44 (+4.40%), hitting new highs as investor optimism grows around the company's foundry ambitions.

• The surge follows a report that Apple is in early discussions with Intel about manufacturing its main device processors in the United States.
• A potential partnership would be a major validation of Intel's strategy to become a world-class foundry, aiming to reduce Apple's reliance on its current exclusive manufacturer, TSMC.
• The stock is also benefiting from broader semiconductor sector strength following a strong earnings beat from competitor AMD on May 5th.