Intel shares surged over 10% on Friday, November 28, 2025, after rumours emerged that the company may become a chip supplier for Apple’s M-series processors.

The spike marks Intel’s best performance in the S&P 500 for the week and comes amid analyst speculation that Apple has taken steps to formalise a partnership with Intel for future chip manufacturing needs.​

Details of the Partnership Rumour

Reports indicate that Intel could start manufacturing Apple’s entry-level M-series chips—used in devices like the MacBook Air and iPad Pro—as early as mid-2027.

Apple is said to have signed a non-disclosure agreement with Intel and has received the company’s advanced-node 18AP PDK 0.9.1GA for technical evaluation, suggesting a genuine interest in moving forward.

If the deal proceeds, Intel would use its cutting-edge 18A manufacturing process, a significant advancement in chip fabrication technology.​

Why Investors Are Excited

A collaboration with Apple would not only be a major validation for Intel’s foundry division but could also help Apple diversify its supply chain, reducing reliance on Taiwan Semiconductor Manufacturing Company (TSMC) and supporting the push for “Made in USA” production.

For consumers, this could mean faster production cycles and potentially more availability of popular Apple devices in the coming years.​

Market Reaction and Outlook

Intel’s stock reached a recent high of $40.80 on Friday, up from around $37 at the start of the week. Wall Street analysts remain cautious but optimistic, noting that a confirmed partnership could mark a turning point for Intel’s foundry business.

However, the deal is still in the early stages, and a final agreement has not yet been announced.​

This potential partnership is being closely watched as a significant shift in the semiconductor industry, with the potential to impact both companies’ positions in the global market.​

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