US Stocks Move: Intel Rises Over 2% Pre-market on Reports Apple May Resume Intel Contract Manufacturing
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Glonghui, February 3rd|Intel (INTC.US) rose more than 2% pre-market to $49.84. According to reports, Apple is exploring the possibility of having some of its low-end processors manufactured by companies other than TSMC. Sources indicate that, given TSMC is currently engaging in more business with Nvidia and other artificial intelligence companies, Apple is evaluating whether to outsource certain low-end processors to other manufacturers to address supply chain challenges. Although the report did not specify which companies are being considered, previous rumors suggest that Intel may begin supplying some low-end processors to Apple as early as 2027 or 2028. Haitong International Securities analyst Jeff Pu stated a few months ago that Intel is expected to reach a chip supply agreement with Apple as early as 2028, covering some non-Pro iPhone chips.
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