Intel Stock Hits All-Time High After Report of Apple Chip Manufacturing Talks

Intel shares rose as much as 15 percent on Tuesday to reach an all-time high of 110.48 dollars before closing at 108.18 dollars. The surge followed a Bloomberg report that Apple is in early discussions with Intel and Samsung Electronics about manufacturing its main device processors in the United States. This move aims to reduce Apple's reliance on Taiwan Semiconductor Manufacturing Company, its longtime exclusive chip manufacturer.