Intel shares rose more than 13% on May 5, 2026. The rally followed a Bloomberg report that Apple held exploratory talks with Intel regarding U.S. chip manufacturing. The stock is currently on track for a record high close.
Apple has relied exclusively on Taiwan Semiconductor Manufacturing Co. (TSMC) for over a decade. The company is now exploring Samsung and Intel to diversify its supply chain. These early-stage discussions aim to mitigate global disruptions and production constraints.
A potential partnership would validate Intel’s strategy to become a major foundry for external designers. The deal would shift competitive dynamics against TSMC and other semiconductor leaders.