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Apple is preparing to shift production of its entry-level M-series processor - the chip used in the MacBook Air and iPad Pro - to Intel, according to analyst Ming-Chi Kuo
India's Ambassador to the US Vinay Mohan Kwatra discussed with Intel's CEO Lip Bu Tan the company's semiconductor and AI initiatives and plans in India. The virtual interaction on Saturday came as New Delhi accelerates efforts to strengthen its semiconductor and AI industries under the India Semiconductor Mission and IndiaAI initiative. "Had the pleasure to interact with Mr. Lip Bu Tan, CEO of INTEL to discuss INTEL's initiatives and plans for India operations in coordination with the Government's goal to develop semiconductor and AI industry in India under the aegis of India Semiconductor Mission and India AI," Kwatra said in an X post. The interaction comes as India prepares to host a crucial AI summit in February next year. The India-AI Impact Summit 2026 will be held February 19-20 in New Delhi, the first global-scale AI summit hosted in the Global South.
The company's Fab 52 semiconductor facility in Arizona, will begin high-volume production new Panther Lake processor built on Intel 18A later this year, to power next-gen AI PCs and gaming devices
Beside Core Ultra Series 3, Intel has introduced Xeon 6+ server processor for data centres, cloud infrastructure, and telecom networks
Once the dominant chipmaker, Intel now has a fraction of Nvidia's sales and market capitalization. It also has laid off workers, delayed factory expansion plans to cope with its deteriorating finances
The move comes almost two weeks after US President Donald Trump signed a deal with Intel to acquire a 10 per cent stake in the company to revive the struggling chipmaker
Trump on Friday said the U.S. would take a 10% stake in Intel under a deal with the struggling chipmaker that converts government grants into an equity share
The move marks rare government intervention in the private sector to boost domestic manufacturing of semiconductors
The move marks a clear change of direction just weeks after Trump called for the resignation of the company's new chief Lip-Bu Tan over his "highly conflicted" ties to Chinese firms
The CNBC report, which cited people familiar with the matter, did not name the potential investors. Intel, whose shares fell 7 per cent, did not respond to a Reuters request for comment
The US government is considering taking equity stakes in companies, including Micron, Samsung, and Taiwan Semiconductor Manufacturing Co (TSMC) after its plan of getting 10% stakes in Intel
The shares of the chip giant lost 60% of their value last year as it could not gain traction in the artificial intelligence (AI) market, which is dominated by Nvidia
The federal government is considering a potential investment in Intel that would involve converting some or all of the company's grants from the US Chips and Science Act into equity
Trump, who called the meeting "very interesting", has taken an unprecedented approach to interventions and deal-making with corporate America
The problem is a fear, both in Washington and in Silicon Valley, that the US and Chinese tech ecosystems are not complements but rivals.
US President Donald Trump meets Intel CEO Lip-Bu Tan days after calling for his resignation over alleged China links amid US chip industry scrutiny
Tan has reached out to the White House to clear up what he called "misinformation" about his track record, he said in a letter to staff posted on Intel's website
The company pleaded guilty in July to violating US export controls by selling hardware and software to China's National University of Defense Technology
The job cuts - a majority of which have been completed already - are part of an effort by Tan since he took the helm in March to turn around the storied U.S. chipmaker