Ailing chipmaker Intel has approached Apple about securing an investment, according to people familiar with the matter, part of efforts to bolster a business that’s now partially owned by the U.S. government.
Apple and Intel also have discussed how to work more closely together, said the people, who asked not to be identified because the deliberations are private. The talks have been early-stage and may not lead to an agreement, the people said.
Shares of Intel rose 6.4% to $31.22 on Wednesday in New York after the discussions were reported. Apple closed down less than 1% at $252.31.
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