Intel (INTC) has approached Apple (AAPL) about an investment in the troubled chipmaker as part of efforts to turn around a business that’s now partially owned by the U.S. government, Bloomberg’s Ryan Gould and Liana Baker report, citing people familiar with the matter. The two companies have also discussed how to work more closely together, the authors say, noting that the talks have been early-stage and may not result in a deal. Shares of Intel are up 6.8% in afternoon trading.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INTC:
- Intel Stock (NASDAQ:INTC) Surges on Multiple Developments
- What Is AMD Stock’s Max Potential?
- Trump Trade: U.S. seeks equity stake in Lithium Americas in loan talks
- Intel call volume above normal and directionally bullish
- Early notable gainers among liquid option names on September 24th