Bloomberg reported on Wednesday that Intel has approached Apple for financial support, citing sources close to the matter. Discussions are also said to include the possibility of a broader strategic alliance, although they are currently at a preliminary stage and no agreement is guaranteed. Neither Intel nor Apple has commented on these reports. On the stockmarket, Intel shares jumped over 6% 10 minutes before trading ended on Wall Street after the revelations were published.
This initiative comes at a delicate time for the semiconductor manufacturer, which is losing ground to competitors in the advanced chip market. Intel is seeking to boost its competitiveness and finance its large-scale industrial projects at a time when the sector is undergoing profound changes.
Last week, Nvidia announced a $5bn investment in Intel in exchange for a 4% stake in the company. Potential support from Apple would bolster the group's credibility and strategic prospects, strengthening its ability to regain ground against its rivals.
Intel Corporation is the world leading manufacturer of semiconductor. Net sales break down by family of products and services as follows:
- computing architectures products (69.7%): processors and microprocessors (Pentium, Intel Xeon brands, etc.), graphics cards, chips and motherboards, connectivity products, cellular modems, Ethernet controllers, network components, storage products, etc. for PCs, servers, data centers, cloud networks, workstations, notebooks, Internet of Things, graphics architectures, intelligent peripherals and communications infrastructures. The group also develops associated software;
- wafer manufacturing services (25.3%): accelerators, monolithic chips, silicon wafers, etc. The group also offers chiplet software and mask manufacturing equipment for advanced lithography;
- other (5%).
Net sales (including intragroup) are distributed geographically as follows: the United States (29.8%), China (24%), Singapore (18.1%), Taiwan (14.5%) and other (13.6%).
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