Intel Seeks Apple Investment
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Intel has been working feverishly to secure investments and customer commitments for its comeback, efforts that have gone into overdrive since the U.S. took a 10% stake in the beleaguered ch
Talks about a potential investment by the iPhone maker raise further questions about the chip giant, which now has close ties to Washington.
Corintis, a Swiss startup promising more rapid liquid chip-cooling technology, has raised $24 million and added Intel CEO Lip-Bu Tan to its board as artificial intelligence fuels demand for better heat management tools for semiconductors.
New Albany, Ohio, was supposed to be the site of an advanced semiconductor factory for Intel, but progress is slow.
Intel (INTC) shares have increased by 6.4% in just one day. The stock also remains up by about 25% since mid-September. The gains are driven in part by Nvidia’s move to invest $5 billion into Intel. Besides this,
Intel trades higher after a report says it has approached Apple about securing an investment in the chip maker.