Topline<\/p>\n
Intel shares spiked over 10% on Friday, hitting their highest point in a month after an analyst report said the odds of a chip partnership between the company and Apple \u201chas recently improved significantly.\u201d<\/p>\n
Intel shares nearly reached their highest point of the year on Friday.<\/p>\n
Photo by Andrej Sokolow\/picture alliance via Getty ImagesKey Facts<\/p>\n
Intel\u2019s stock closed up 10.3% at $40.56, nearly reaching its highest closing price in well over a year.<\/p>\n
TF International Securities analyst Ming-Chi Kuo said in a statement Friday morning his latest industry surveys \u201cindicate that visibility on Intel becoming an advanced-node supplier to Apple has recently improved significantly.\u201d<\/p>\n
Kuo said Apple plans to use Intel to ship its lowest-end M processor, Apple\u2019s proprietary chip used in MacBook Airs and iPad Pros.<\/p>\n
Kuo noted Intel will still trail behind chip competitor Taiwan Semiconductor Manufacturing Company in the coming years, but a deal with Apple and other \u201ctier-one customers\u201d could make Intel\u2019s long-term outlook \u201cmore positive.\u201d<\/p>\n
Big Number<\/p>\n
102.3%. That is how much Intel shares have climbed since January, when the chipmaker\u2019s stock traded around the $20.22 mark, a little more than half what they are worth today.<\/p>\n
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