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Intel shares soar on Apple chip deal report. Here's why it signals a total pivot for chipmaking

CNBC · May 8, 2026, 9:03 PM · Also reported by 4 other sources

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  • Apple and Intel are reportedly closing in on a deal that would see Intel make some of the chips for the i Phone maker's devices, marking a major shift in the chipmaking landscape.
  • Talks between the two companies have been brewing for more than a year, with a preliminary agreement reached in recent months, the Wall Street Journal reported Friday, citing people familiar with the matter.

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Apple and Intel are reportedly closing in on a deal that would see Intel make some of the chips for the i Phone maker's devices, marking a major shift in the chipmaking landscape.

Talks between the two companies have been brewing for more than a year, with a preliminary agreement reached in recent months, the Wall Street Journal reported Friday, citing people familiar with the matter.

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