Intel is seeking an investment from Apple as part of its comeback bid

"Intel Corp. has approached Apple Inc. about securing an investment in the ailing chipmaker, according to people familiar with the matter, part of efforts to bolster a business that's now partially owned by the US 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."

"Such a deal would follow a $5 billion investment last week by Nvidia Corp., which plans to work with Intel on chips for personal computers and data centers. SoftBank Group Corp., the Japanese tech giant seeking to expand further in the US, announced a $2 billion investment in Intel last month. Intel also has reached out to other companies about possible investments and partnerships, the people said."

Intel has sought an investment from Apple as part of efforts to strengthen the chipmaker, which now has partial US government ownership. Apple and Intel have held early-stage talks about closer cooperation, but those discussions may not produce an agreement. Recent strategic investors include Nvidia, which committed $5 billion, and SoftBank, which invested $2 billion, and Intel has approached other potential partners. The US government acquired roughly a 10% stake to support domestic semiconductor production. CEO Lip-Bu Tan is leading a comeback effort while the company faces significant technological and competitive challenges.

Read at The Mercury News