Apple and Intel Reach Preliminary Chip Production Deal

Apple and Intel have reached a preliminary agreement for the chipmaker to manufacture components for future devices. The deal reported on Friday supports Intel's efforts to expand its foundry services by securing major technology clients.

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Apple and Intel have reached a preliminary agreement for Intel to manufacture some of the chips that power iPhones, the Wall Street Journal reported on Friday, citing people familiar with the matter.

Intel Foundry Gains Momentum

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