On September 25th, industry insiders revealed that Intel has reached out to Apple, exploring the possibility of securing an investment from the tech behemoth. This move is aimed at rejuvenating the chipmaker, which currently enjoys partial ownership by the U.S. government. The two companies have also delved into discussions on how to foster closer collaboration. However, these negotiations are still in their nascent stages, and the outcome remains uncertain, with no concrete agreement in sight.

Sources close to the matter also disclosed that Intel is actively engaging with other firms to explore potential investments and partnerships. Earlier, Nvidia unveiled a $5 billion investment plan, signaling its intent to collaborate with Intel on the development of chips for personal computers and data centers. Furthermore, Japanese tech giant SoftBank Group announced last month its plan to invest $2 billion in Intel, aiming to expand its footprint in the United States.

Apple, once a long-standing customer of Intel, has pivoted towards developing its in-house processors over the past five years. Should a deal materialize with Apple, it would serve as a significant endorsement of Intel's ongoing transformation efforts. Nevertheless, it is improbable that Apple will reintegrate Intel processors into its devices.