Nvidia Reportedly Eyes $13 Billion Hugging Face Acquisition 
Countries Tighten Social Media Bans for Children 
OpenAI Data Center Chief Chris Malone Exits Ahead of Planned 2027 Listing 
HP Stock Drops 9% Despite Q3 Earnings Beat and Raised 2026 Outlook 
Nvidia Eyes Perplexity Investment at $30 Billion Valuation 
Google Expands Gemini Enterprise With AI Tools for Legal Sector 
Trump Buys SpaceX Shares After Record IPO 
BofA Names ASML Top Semiconductor Equipment Pick on Growth, Valuation 
Xiaomi Unveils Xring O3 Chip for Flagship Foldable Phone 
New Zealand Moves to Ban Social Media for Children Under 16 
Nvidia Options Price in $280 Billion Earnings Swing 
U.S. Disrupts China-Linked Hacking Campaign Targeting Government Agencies 
Apple’s Phil Schiller Steps Back as Leadership Shake-Up Accelerates 
U.S. Probes Apex Logistics Over Nvidia AI Chip Shipments to China 
SoftBank Eyes $20 Billion Bond Sale to Refinance OpenAI Loan 
Salesforce Shares Surge as AI Demand Powers Q2 Earnings Beat 
Add as a preferred source on Google
Intel just saw its biggest drop in stocks in two years following the reports that Apple was planning to start manufacturing its own chips for its computers. The iPhone maker has been getting its processors from Intel for its Mac devices, but come 2020, it hopes to change this by making the manufacturing process in-house.
The shares of the world’s leading manufacturer of computer chips dipped a worrisome nine percent on Wednesday, April 3rd following a report by Bloomberg that Apple was ditching it in favor of simply making its own chips in the future. The change reportedly won’t take effect until 2020, when it will start manufacturing in-house Mac processors, but the impact of the development could already be felt.
Details regarding this move by Apple was apparently provided to the publication by people familiar with the matter, but no formal announcements have been made by Apple itself. If Intel’s stocks could fall so steeply with just mere rumors, it’s easy to imagine what would happen if the iPhone maker decides to make things official.
This decision also marks a significant blow to the partnership that Intel and Apple formed, which was instrumental in helping to revive the Mac brand. On that note, the arrangement only constitutes five percent of Intel’s annual revenue, so the loss won’t really be that significant, all things considered.
Neither Intel nor Apple have decided to comment on this report except to say that they don’t comment on such claims, CNBC reports. However, the Cupertino firm has been dropping hints with regards to its impending decision to become its own manufacturer of parts as far back as last year, when Apple executives revealed that they were eyeing chip-making startups.
If this report does end up being true, it could pose another problem for Intel. An Apple with the capability to manufacturer processing chips for its own products can also start providing them to other companies. This would essentially make the former partners rivals.
