# Intel hit an all-time high after Apple began foundry talks, extending a 330 per cent rally since the US government took a 10 per cent stake.

*semiconductor · news · 2026-05-05 · TNW*

## Key points

- The US government took a 10 per cent equity stake in Intel in August 2025.
- Apple is in preliminary talks to manufacture some M-series chips using Intel's US foundry.
- Elon Musk's Terafab AI chip facility and Amazon have signed foundry agreements with Intel for the 18A process.
- Intel's foundry revenue remains small—$174 million quarterly, versus TSMC's $20 billion per quarter.
- Intel's current turnaround is driven more by US strategic policy than by manufacturing improvements.

**Companies:** Intel, Apple, Nvidia, TSMC, Amazon, Google, Samsung
**Countries:** United States, Taiwan

[Read the full story on TNW](https://thenextweb.com/news/intel-stock-record-apple-foundry-ai-turnaround)

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