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Intel Shares Jump 15% After Report Apple May Use Intel to Produce Chips

Intel’s rally also sharply increased the value of the U.S. government’s roughly 9.9% stake, which Gate data said was acquired in August 2025 and has gained more than $45 billion.

Fact Check
The core claim is strongly supported by multiple independent sources. The Odaily news article, Cryptorank, and Alphaspread (which aggregates Reuters, CNBC, Barron's, and Bloomberg) all confirm Intel shares surged approximately 14-15% on May 5, 2026, following reports of Apple exploring Intel as a U.S. chip foundry partner. The slight discrepancy between 14% and 15% is minor and consistent with intraday fluctuation. The description of a 'preliminary agreement' is slightly stronger than what some sources characterize as 'early-stage talks,' but the Odaily source specifically uses the term 'preliminary foundry agreement.' The claim that Apple ships more than 200 million iPhones a year is a well-established and widely cited figure. The overall claim is well-corroborated.
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Summary

Intel shares closed at $124.92, up 13.96% in a day, extending attention on the company after a report that Apple may use Intel to produce chips. The latest move lifted the value of the U.S. government’s 9.9% stake to $54.1 billion, according to Gate data. The stake amounts to about 433.3 million shares that Gate data said were bought at $20.47 each in August 2025, implying an initial investment of roughly $8.9 billion and a gain of more than $45 billion over seven months. The updated figures add detail to earlier reporting that federal funding had been converted into Intel equity, showing how the stock’s surge has significantly increased the value of that holding.

Terms & Concepts
  • Chip manufacturing: The process of fabricating semiconductors used in devices such as smartphones, computers, and data-center equipment.
  • Preliminary agreement: An early-stage arrangement that indicates intent between parties but may still require final terms or formal approval.
  • Federal funding converted into stock: A transaction in which government financial support is exchanged for equity ownership in a company.