POPA Recon[WSJ] Apple signs preliminary settlement with Intel for foundry
[WSJ] Apple signs preliminary settlement with Intel for foundry • Apple and Intel signed a preliminary foundry agreement after more than a year of negotiations. • Apple relies on TSMC to produce chips for iPhones, iPads, and Macs, and needs to secure additional chip suppliers. • CEO Tim Cook noted in his recent earnings call that the lack of supply of advanced chips is responsible for the lack of iPhone customer demand. • Apple, TSMC's biggest customer, has seen its bargaining power weaken due to increased demand from AI chip designers such as Nvidia. • Intel shares jumped 14% after the news…
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