John Coogan

Following the investment, Intel shares price rose sharply.

On Friday morning, it rose 7.5% to an all-time high of nearly $118 per share.

It's up more now.

Tan has been reshaping Intel's top leadership ranks in recent months, including hiring former TSMC executive Wee-Jen Lowe, a move that prompted a lawsuit from TSMC.

So they're not friends anymore.

Intel's CEO has also ousted his head of product and hired new executives to lead the company's data center processor and client computing units, as well as newly formed custom silicon business.

He's also invested heavily in Intel's most advanced manufacturing process known as 14A, and that is the node that Intel is hoping that all of the potential customers will jump together and say, hey, we're going to buy from this if you make it.

If you build it, we will come.

President Trump personally advocated for Intel to cook in a meeting, which is funny because it sounds like he's advocating for Intel just to cook generally, but he's advocating for Intel to Tim Cook in a meeting at the White House, according to people familiar with the matter.

Trump said, I like Intel in January.

He said that the government...

and made tens of billions of dollars from Intel deal, and that the government's backing of the company had attracted important partners to Intel.

As soon as we went in, Apple went in, Nvidia went in, a lot of smart people went in, Trump said.

Nvidia, the world's largest chip firm, invested five billion in Intel in September, and the two companies announced a partnership under which Intel would build custom data center CPUs, the processing brains for most computer systems for Nvidia.

And last month, Elon, of course, announced the TeraFab project.

And so Apple relies on TSMC to make chips for iPhones, iPads, Macs, and other devices, and is under pressure to find additional chip suppliers.

There's also chip shortages, so it could be good to dual source independent of the geopolitical

discussion.

On Apple's last two earnings conference calls, Cook blamed a lack of availability of advanced chips for Apple's inability to meet customer demands for iPhones.

The constraints are expected to continue in the current quarter, affecting several Mac models, Cook said, quote, we think, looking forward, that the Mac Mini and the Mac Studio may take several months to reach supply-demand balance.