Apple approached by Intel for investment in chipmaker - Bloomberg
Investing.com -- Intel Corp. has approached Apple Inc. about a potential investment in the struggling chipmaker, according to a report from Bloomberg, citing people familiar with the matter.
The companies have also discussed closer collaboration, said the sources, who requested anonymity because the talks are private.
If completed, an Apple investment would follow recent capital injections from other tech giants. Nvidia Corp. invested $5 billion in Intel last week, with plans to collaborate on chips for personal computers and data centers.
Intel has reportedly contacted other companies about possible investments and partnerships as well.
A deal with Apple would provide further support for Intel’s turnaround efforts. The US government recently became a partial owner of the chipmaker. However, sources indicate Apple is unlikely to return to using Intel processors in its devices after switching to in-house chips over the past five years. Apple’s most advanced chips are currently manufactured by Taiwan Semiconductor Manufacturing Co.
