Based on the most recent supply chain reports, Apple and Intel have inked a preliminary agreement for chip foundry services. This signifies a resurgence of profound cooperation between the two entities, following Apple's transition to in-house chips for its Mac lineup in 2020. Initially, Apple opted for internal chip development and exclusive production by TSMC, a decision prompted by Intel's delayed chip deliveries. Presently, grappling with the worldwide chip scarcity and TSMC's constrained production capabilities, Apple is looking to broaden its supply chain horizons by enlisting Intel as a foundry collaborator. Intel will undertake the manufacturing of chips designed by Apple, commencing potentially with the entry-level M-series chips and potentially extending to iPhone chips down the line. This strategic maneuver is geared towards diminishing Apple's dependence on TSMC and alleviating supply chain vulnerabilities.