Intel shares hit a high: Apple could use its factories to make chips
Intel's securities jumped 14% amid reports of a possible partnership with the iPhone maker

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Shares of Intel continued the historical growth that began in April, CNBC writes. At trading on May 5, they jumped by 14% to $110.48 per unit, reaching a new high. Investors are reacting to Bloomberg reports that Apple is trying to find an alternative to its longtime partner TSMC and is negotiating with Intel and Samsung to produce the main processors for its devices at their plants in the United States.
Intel and Samsung declined to comment on the information. Apple did not respond to a request for comment.
The growth of Intel's securities on the background of these reports followed their best month for all time of presence on Nasdaq - 55 years, recalls CNBC. The company's shares jumped 114% in Ma, bringing the chipmaker's market capitalization to more than $470 billion. At trading on May 5, it approached $547 billion, according to Yahoo Finance data.
Context
The significant rise in Intel stock marks a sudden turnaround for the chipmaker, which, amid disappointing production figures, was recently lagging far behind market-leading chipmakers TSMC and Nvidia. Since the U.S. government acquired a 10% stake in Intel last August and invested $8.9 billion in the company, the chipmaker's stock has surged more than 330%.
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