WSJ reports Intel reached preliminary deal to make some chips for Apple; Intel stock rises about 15%
The Wall Street Journal reported on May 8, 2026 that Intel has reached a preliminary deal to make some chips for Apple devices. Neither company confirmed the deal, and the scale, products and process node were not disclosed. Intel shares extended gains to rise about 15% on the news, while Apple rose about 1.7%.
- Report: preliminary agreement for Intel to make some Apple chips
- Intel shares up about 15% on the news; Apple up about 1.7%
- Neither company commented on the deal
- Products and process node not disclosed
INTC around the story · hourly24 h reaction ▼ 0.02%
Moves this explains
INTC+16.49%May 7 · Intel rose 16.49% to $126.20 on a WSJ report of a preliminary deal to make some chips for Apple. The S&P 500 gained 1.11% and AMD 13.08%, MU 17.55% the same day, so the sector also rallied.MU+17.55%May 7 · Micron rose 17.55% on May 8, the day the WSJ reported Intel and Apple had reached a preliminary chip-making deal (reported at 16:00 UTC). Coverage says chip stocks surged on the report and Intel rose about 14% to 15%; in our data Intel rose 16.49% and AMD 13.08% the same day.Source
Reuters (via The Star)May 8, 2026