John Coogan

So the talks have been described as intensive, intensive talks between the two companies have been ongoing for more than a year, Apple's been talking to Intel.

Interesting, of course, Intel and Apple have been long-term partners for,

the 90s, 2000s, up until the Apple Silicon program where they started going, Apple started going direct to TSMC.

Can they get them back?

It seems like potentially in some form factors, but we're going to dig into it.

So they have hammered out a former deal in recent months, and it's still unclear which exact Apple products Intel would make chips for and manufacture them, both its own designs.

So Intel has two main businesses.

It's both a design shop and a manufacturer.

They have a fab and a manufacturer.

and a design unit.

In its foundry unit, both businesses have been underperforming for years before Liputan came in as the new CEO and was vowing to revitalize them.

And so last summer, the Trump administration struck a deal to convert nearly $9 billion in federal grants into Intel stock, giving the US 10% stake.

Yeah, huge.

I mean, I'm pretty sure Jensen has made over a billion dollars on the $5 billion investment.

I mean, just today, if it's up 20%, and he must have seen a big growth in that position since then.

So just today, probably a one or $2 billion print.

And so the reporting here in the journal says that the Trump administration was actually key in bringing Apple to the table, putting pressure on sort of both sides to say, hey, let's think about the future of American manufacturing, resiliency, reducing Taiwanese dependence on a foreign supply chain, and giving Intel a real shot at underwriting the next big fad that they want to build.

That's not bad at all.

The guy really needed it.

He paid for grok with that.