A declining American chip company Intel Apparently, he is inactive seeking crucial support for his restructuring. After received a $5 billion investment last week from the giant AI chip company Nvidia , Intel has now besides turned to an electronic giant Apple, informed the Bloomberg agency on Wednesday, just before the American stock marketplace closed.
Bloomberg cited people acquainted with the case. Early discussions focused on further support for the company's struggling after the US government became involved. Intel besides turned to another companies.
Intel's stock price increased by 8 percent in late listings, closing at 6.4 percent. Apple’s shares barely responded to this message, closing at 0.8 percent.
Apple was Intel's main client for a long time, but a fewer years ago the company switched to self-designed semiconductors to key integrated circuits in its devices, which the iPhone maker produces from Taiwan's contract maker TSMC. Intel refused to confirm this information from Bloomberg and Apple was not available for comment.
Difficulties with Intel restructuring plans
Intel was erstwhile a leading force in the integrated circuits industry. However, in fresh years the importance of the company has gradually declined. Smartphones and most tablets are based on Arm technology, the maker of integrated circuits. About artificial intelligence (AI), no 1 can compete with Nvidia.
Intel's plan assumes that the company will increasingly be a contract maker for another companies producing integrated circuits – but so far possible customers were uncertain. As a result, ambitious plans to build fresh factories have been limited. Among another things, The planned mill in Magdeburg has been cancelled.
Government The U.S. late secured an Intel stake of about 10 percent Billions of dollars in the promised grants last year served as a acquisition price. Originally Intel was to receive money free of charge to support the construction of fresh factories in USA. However, the president of the United States Donald Trump (79) He expected something in return.
