All told, it's unsurprising that Intel's stock is surging on the news. Apple would be the crown jewel of its fledgling foundry operations, which would benefit not just from the tech leader's potentially massive chip orders but also the vote of confidence they would imply to other chip designers.

Intel shares surged up to 15% after reports that Apple is in early talks to use its U.S.-based foundry services for core processor production. The potential deal could reduce Apple’s reliance on Taiwan Semiconductor and validate Intel’s advanced 18A ...

On April 7, Intel announced it would join the Terafab project as the foundry partner, alongside SpaceX, Tesla, and xAI. Musk had unveiled Terafab on March 21 at the defunct Seaholm Power Plant in Austin,

Advanced Packaging Has Become the Bottleneck Intel (INTC) is attempting to reposition itself in the semiconductor value chain by leveraging one of the few areas where it still holds a differentiated capability—advanced packaging.