Intel reached a preliminary agreement to manufacture chips for Apple. The deal supports Intel’s foundry ambitions and US efforts to increase domestic production. The Wall Street Journal reported the partnership allows Apple to diversify production away from Taiwan’s TSMC. Intel gains a consistent demand stream from a major consumer electronics leader. Neither company disclosed which specific Apple products will use Intel-made chips. The agreement validates Intel’s strategy to compete with TSMC in the contract manufacturing market. The US government reportedly facilitated the negotiations. Intel shares rose 15% on Friday following the report. Apple shares increased 1.7% in afternoon trading. This partnership signals a shift in the competitive landscape for advanced semiconductor manufacturing.