Intel shares soar on back of rumoured partnership with Apple

Stocks up 10% as speculation mounts that agreement could be signed in 2027

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Intel shares have surged following an analyst’s prediction of a possible partnership with Apple. The stock went up 10% after Ming-Chi Kuo, an analyst at TF International Securities, suggested that the chip maker could start supplying its low-end M-series processors to Apple as early as the second or third quarter of 2027.

Kuo’s prediction was based on industry surveys indicating that prospects were steadily improving for Intel to become an advanced-node supplier for Apple. He noted that the timing will depend on the development process after Intel releases its process design kit, which is expected in early 2026.

While Kuo acknowledged the potential partnership, he played down its impact on TSMC, Apple’s current silicon supplier. He stresses that Apple is likely to remain heavily dependent on TSMC’s advanced nodes for the foreseeable future.

The analyst also pointed out that an Intel-Apple deal would align with the Trump administration’s push to have US companies do more of their manufacturing at home.

Intel and Apple have had an on-and-off relationship since 2005, when Apple first began using Intel processors in some of its products. In the early 2020s, however, Apple completely phased out Intel chips. More recently, Intel became embroiled in a lawsuit filed by TSMC, which alleged that one of TSMC’s former senior vice presidents had leaked confidential information to Intel.

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