Intel's Stock Soars on Promises of Apple Chip Deal, Terafab Partnership

Intel's stock has seen significant growth in 2026, tripling to $101.05 after rising 4% on the SK Hynix report. This surge is built on promises of collaborations with major tech companies, including Apple, Terafab, and now SK Hynix.

The Apple partnership was announced in May, with Intel set to make chips for Apple devices. However, details about which products will use these chips, when they'll ship, or how much capacity Intel will fill remain unclear. A preliminary manufacturing agreement is not the same as volume production.

Intel's shares rose over 2% on the Terafab announcement, with Elon Musk stating that Tesla planned to use Intel's 14A manufacturing process for the project. While this news generated excitement, it's essential to remember that Terafab is still a complex and ambitious undertaking, requiring significant investment and time.

The recent SK Hynix report has sparked further interest in Intel's potential collaborations. The South Korean memory-chip maker is in talks with Intel about making memory chips in the United States for the first time. This could involve leasing part of Intel's Ohio facility or establishing a joint venture with major cloud firms to secure memory supply.

While investors are optimistic, it's crucial to remember that nothing has been officially signed, and there are potential obstacles to overcome, including South Korea's Industrial Technology Protection Act.