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Beleaguered Intel seeks investment from Apple

MacDailyNews

Sep 25

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Beleaguered Intel has approached Apple about securing an investment, Bloomberg News reports citing “people familiar with the matter.” Apple and Intel also have discussed how to work more closely together, said Bloomberg’s sources.

Ryan Gould and Liana Baker for Bloomberg News:
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Such a deal would follow a $5 billion investment last week by Nvidia Corp., which plans to work with Intel on chips for personal computers and data centers. SoftBank Group Corp., the Japanese tech giant seeking to expand further in the US, announced a $2 billion investment in Intel last month.
Intel also has reached out to other companies about possible investments and partnerships, the people said.
A deal with Apple, a longtime Intel customer that switched to in-house processors in the past five years, would represent further validation of the chipmaker’s turnaround bid. Still, it’s unlikely that Apple would switch back to Intel processors in its devices. The iPhone maker’s most sophisticated chips are now produced by partner Taiwan Semiconductor Manufacturing Co.
Intel Chief Executive Officer Lip-Bu Tan is attempting a comeback with the backing of the federal government. In an unconventional deal brokered by the Trump administration in August, the US acquired a roughly 10% stake in the chipmaker. Intel is seen as a critical piece of efforts to reinvigorate domestic production — a priority for the White House.
Even with financial support, Intel’s challenges remain daunting. The Santa Clara, California-based company has lost its long-held technological edge and ceded market share to rivals such as Advanced Micro Devices Inc. Moreover, Intel has struggled to capitalize on booming sales of artificial intelligence gear — a specialty of Nvidia.
Once the dominant chipmaker, Intel now has a fraction of Nvidia’s sales and market capitalization. It also has laid off workers and delayed factory expansion plans to cope with its deteriorating finances.

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MacDailyNews Take: Apple’s going to start making hotplates?

When Intel CEO Paul Otellini passed on Apple’s iPhone: That decision has to be close to the top of the list of Biggest Business Mistakes in History. – MacDailyNews, May 17, 2013

[S]ome companies are too far gone and are just meant to die. Yes, we’re talking about Intel whose ex-CEO Paul Ottelini made a potentially fatal decision not to take up Steve Jobs on his offer to develop the microprocessor for the original iPhone. One big mistake like that can take down a company. Intel is an also-ran today. Propping up such companies… only prolongs the inevitable. – MacDailyNews, August 25, 2025

Death is very likely the single best invention of Life. It is Life’s change agent. It clears out the old to make way for the new. – Steve Jobs

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