Intel has reportedly reached a preliminary agreement with Apple to manufacture some of the latter's chips. The two companies have been in discussions for over a year, though the specific Apple products involved remain undisclosed. Separately, Apollo Global Management and Blackstone are in talks to provide approximately $35 billion in private credit to Broadcom, which aims to fund the development of chips for AI tasks. AI
IMPACT Potential acceleration of AI chip development and manufacturing capacity.
RANK_REASON Significant funding round for AI chip development and a major chip manufacturing agreement.
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