Intel soars 14% on report of Apple chip talks, hits new all-time high

Intel headquarters in Santa Clara, California, on Jan. 22, 2026. Justin Sullivan | Intel shares climbed 14% Tuesday, hitting a new all-time high as the chipmaker continued its historic run from April. The jump comes on a Bloomberg report that Apple is in talks with both Intel and Samsung to produce the main processors for its devices in the U.S. The iPhone maker has had a long-time reliance on chips from Taiwan Semiconductor Manufacturing Co . Intel and Samsung declined to comment on the report. Apple did not respond to a request for comment. The surge follows Intel's best month in its 55 years on the Nasdaq. The stock jumped 114% in April and pushed the market cap past $470 billion. Several major partnerships helped fuel the rally. The U.S. semiconductor firm announced an expansion of its partnership with Google , as well as plans to join Elon Musk's Terafab project in April. Intel also announced it would repurchase its Fab 34 chip facility in Ireland last month for $14.2 billion. The rise of artificial intelligence has spurred a renewed demand for Intel's central processing units. On the company's first-quarter earnings call, CEO Lip-Bu Tan called CPUs an "indispensable foundation of the AI era." The surge marks a sharp turnaround for the chipmaker, which was struggling to keep up with the AI race amid major manufacturing delays . The company is now up over 330% since the U.S. government took a 10% stake in the company last August, investing $8.9 billion. …