Breaking News》Apple and Intel shockingly form an alliance! Rumors say Intel will manufacture chips for Apple, causing stock prices to soar 14% to a record high

Semiconductor Market Shake-up! According to the latest report from The Wall Street Journal, Apple has reached a preliminary agreement with former longtime partner Intel, whereby Intel will manufacture chips for some Apple devices. Stimulated by this once-in-a-century order, Intel ($INTC) stock surged 14% in a single day, directly breaking a new all-time high.
(Background recap: Intel ($INTC) stock skyrocketed 11% to a 52-week high! Market cap surpassing $530 billion)
(Additional background: Is TSMC’s exclusive position in jeopardy? Apple reportedly in secret talks with Intel and exploring Samsung’s Texas plant to diversify A/M series chip supply risks)

The semiconductor industry is ushering in a historic shock moment! After years of divergence, tech giant Apple and chip manufacturer Intel seem poised to collaborate again in a new form.

According to the well-known financial analysis account The Kobeissi Letter (@KobeissiLetter), citing a breaking report from The Wall Street Journal (WSJ) today (9th), Apple and Intel have reached a highly significant “preliminary agreement.”

BREAKING: Apple and Intel have reached a preliminary agreement for Intel to manufacture some of the chips that power Apple devices, per WSJ.

Intel stock, $INTC, surges another +14% to its highest level on record. pic.twitter.com/fXmePUKDPm

— The Kobeissi Letter (@KobeissiLetter) May 8, 2026

Former rivals become clients, Intel wins Apple OEM orders

The report indicates that, under this preliminary agreement, Intel will manufacture chips for some Apple devices in the future. This means that Intel’s recent push into foundry services (Intel Foundry Services, IFS) has successfully secured one of the world’s most technologically significant mega-clients.

Looking back, Apple announced in 2020 that it would abandon Intel processors and fully transition to its self-developed Apple Silicon based on ARM architecture (M series and A series chips), heavily relying on TSMC’s advanced process manufacturing. Now, with Intel re-entering the Apple supply chain as a “foundry,” this undoubtedly delivers a shockwave to the global wafer foundry landscape.

Market rejoices! INTC stock soars 14% to hit a new all-time high

Once this “once-in-a-century” deal was announced, it immediately sparked a celebratory rally on Wall Street.

Investors are extremely optimistic about Intel’s future revenue and foundry business potential, driving Intel’s stock (ticker: $INTC) to surge over 14% intraday, setting a new all-time high.

Market analysts believe that Apple’s willingness to entrust part of its chip orders to Intel not only affirms Intel’s new-generation process yield and capacity but also aligns with Apple’s recent macro-strategies of “supply chain diversification” and reducing geopolitical risks. Currently, both Apple and Intel have not responded further regarding specific details of this preliminary agreement (such as manufacturing process nodes or device types covered), and investors are closely watching how this collaboration will reshape the global tech hardware competition landscape.