Apple-Intel Talks Rumored and 2 Chip Stocks To Watch
Intel Corporation (NASDAQ:INTC): Current price $21.92
It is possible that Intel might be trying to set up Apple (NASDAQ:AAPL) for its required chip production. During the past year, the tech giants have been in discussions for Apple to transfer its mobile chip production from Samsung to Intel, says Reuters. However, thus far Intel and Apple have been unable to reach an arrangement, but have been talking about a foundry relationship, which reinforces a claim made last week to Reuters by Intel custom foundry Vice President and General Manager Sunit Rikhi that his firm is ramping up to take on a major mobile customer. Rikhi would not say that the customer could be Apple. Reuters‘ report comes a couple of months after analyst Doug Freedman at RBC Capital Markets said that Apple and Intel might be envisioning a new partnership through which Intel would build the iPhone maker’s smartphone chips in return for it using Intel’s X86 processors in its next-generation iPad.