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Intel Corp. has approached Apple Inc. about securing an investment in the ailing chipmaker, according to people familiar with the matter, part of efforts to bolster a business that’s now partially owned by the US government.
Apple and Intel also have discussed how to work more closely together, said the people, who asked to not be identified because the deliberations are private. The talks have been early-stage and may not lead to an agreement, the people said.
Such a deal would follow a $5 billion investment last week by Nvidia Corp., which plans to work with Intel on chips for personal computers and data centers. SoftBank Group Corp., the Japanese tech giant seeking to expand further in the US, announced a $2 billion investment in Intel last month.
Intel also has reached out to other companies about possible investments and partnerships, the people said.
Today's show features:
- Bloomberg News Deals Reporter Ryan Gould
- Chris Nicholas, President and CEO of Sam’s Club, on the impact of tariffs for the wholesaler and the health of the company’s supply chains
- Lane Dilg, Former Head of Strategic Partnerships, Global Affairs, at OpenAI, on the company’s massive data center buildout and various partnerships
- Lori Kerr, Chief Executive Officer of FinDev Canada, on the ripple effects of the USAID rollback on Canadian development
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