Intel Corp. has approached Apple Inc. about securing an investment, according to people familiar with the matter, as part of efforts to bolster its business. Apple and Intel have discussed how to work more closely together, with the talks being early-stage and possibly not leading to an agreement. A deal with Apple would represent further validation of Intel’s turnaround bid, although it’s unlikely that Apple would switch back to Intel processors in its devices. Bloomberg News Managing Editor for Global Consumer Tech Mark Gurman joined Carol Massar and Tim Stenovec on ‘Bloomberg Businessweek Daily’ to break it down.
(Source: Bloomberg)
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