Intel has reportedly finalized a preliminary agreement to manufacture chips for Apple devices, a move that could significantly boost Intel's contract manufacturing business and align with U.S. efforts to strengthen domestic semiconductor production. The Wall Street Journal indicated that the two companies engaged in intensive negotiations over the past year, culminating in this agreement. Following the announcement, Intel's stock surged by 15%, while Apple's shares increased by approximately 1.7%. This partnership would provide Intel with a consistent demand source from Apple, one of the largest consumer electronics companies globally, and help restore its reputation in the semiconductor industry, which has been overshadowed by competitors like Taiwan Semiconductor Manufacturing Company (TSMC). The U.S. government has been actively supporting Intel, especially after becoming its largest shareholder last year. Officials have been encouraging major tech companies, including Apple, to collaborate with Intel to enhance U.S. chip manufacturing capabilities. Although the specific Apple products that will utilize Intel's chips remain unclear, this deal could help Apple reduce its reliance on TSMC, especially as demand for chips from AI companies like Nvidia and AMD continues to rise. The collaboration also marks a significant shift as Apple previously transitioned away from Intel processors for its Mac computers in favor of its own custom silicon.