Intel stock sinks, giving up boost from Apple deal prediction
An Intel manufacturing technician holds an Intel Core Ultra series 3 processor (codenamed Panther Lake) built on Intel 18A at Intel’s new Fab 52 in Chandler, Arizona, in September 2025.
Courtesy: Intel
Intel The stock fell on Monday, following a rally on Friday when an analyst predicted the chip giant was nearing a supply deal. Apple In 2027.
Shares of the chipmaker rose 10% on Friday after TF International Securities analyst Ming-Chi Kuo said he expects Intel to start shipping its low-end M processor in the X to Apple in the second or third quarter of 2027.
He said recent industry research shows that “visibility of Intel becoming Apple’s advanced node supplier has increased significantly recently.”
Kuo added that the partnership’s timeline depends on the development process after Intel releases its process design kit, the blueprint by which Apple engineers can build the chips, expected in early 2026.
Apple’s silicon chips for its iPhone, iPad and Mac products are currently supplied by. TSMC.
In his post, Kuo downplayed the potential impact of the Intel-Apple partnership on the Taiwanese chipmaker, saying Apple is expected to remain “highly dependent” on the company’s advanced nodes for the “foreseeable future.”
“In absolute terms, order volumes for the lowest-end M processor are relatively small and have virtually no material impact on TSMC’s fundamentals or technology leadership over the next few years.”
Kuo added that a deal with Intel would signal strong support from Apple to the Trump administration’s pressure for its companies to manufacture in the United States.
Neither Intel nor Apple immediately responded to CNBC’s request for comment.
‘If Intel can pull this off, it has the potential to win higher volume and value business from Apple’
Intel’s shares have rebounded in the last 12 months after years of decline. The share price dropped to a low of $17.66 in April, then rebounded over the past few months.
“Apple is a potential large reference customer whose presence validates Intel’s high-performance foundry offering,” Paul Markham, investment director at GAM Global Equities, told CNBC.
“If Intel pulls this off, it has the potential to win higher-volume and valuable business from Apple, such as CPU production for the iPhone, and win business from other major chip designers.”
Intel has had an on-and-off relationship with Apple since the chip giant first announced in 2005 that its processors would power some products. The iPhone maker moved away from the company’s processors in the early 2020s.
Last week Intel was on a topic A lawsuit filed by one of TSMC’s former senior vice presidents, alleging that he leaked “confidential information” to the company. Intel did not immediately respond to CNBC’s request for comment at the time.
