• Intel is reportedly close to securing major chip fabrication and advanced packaging deals with Apple and Google, with production expected to start next year.
• Apple is said to be targeting Intel's 18A P process for future M series chips.
• Google is reportedly planning to use Intel's EMIB advanced packaging for upcoming TPU hardware.

For investors watching NasdaqGS:INTC, these potential deals add a new angle to a stock that has already seen strong recent momentum. The shares currently trade at $99.62, with returns of 20.7% over the past week, 97.7% over the past month and 153.0% year to date. The stock is also up 383.1% over the past year and 228.0% over three years, with a 5 year return of 88.8%.

If confirmed, Apple and Google joining Intel's foundry and packaging customer list would mark a clear shift in how the company is positioned in high end manufacturing. For investors, key questions include how durable these relationships could be, what they mean for future capital needs and how they might influence Intel's role alongside other major foundries.

Stay updated on the most important news stories for Intel by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Intel.

Quick Assessment

• ❌ Price vs Analyst Target: At US$99.62, Intel trades about 27% above the US$78.21 analyst price target.
• ❌ Simply Wall St Valuation: Shares are reported as overvalued, trading 91.6% above estimated fair value.
• ✅ Recent Momentum: The 30 day return of 97.7% signals very strong recent momentum.

There is only one way to know the right time to buy, sell or hold Intel. Head to the Simply Wall St company report for the latest analysis of Intel's fair value.

Key Considerations

• 📊 Potential Apple and Google deals highlight foundry and packaging demand, which could be important alongside Intel's current loss making net income profile.
• 📊 Watch how any confirmed contracts feed into revenue, margins and capex needs, especially with the share price already well above both the fair value estimate and the analyst target.
• ⚠️ Recent shareholder dilution and a volatile share price, combined with an overvalued status, increase the risk that good news is already priced in.

Dig Deeper

For the full picture including more risks and rewards, check out the complete Intel analysis. Alternatively, you can check out the community page for Intel to see how other investors believe this latest news will impact the company's narrative.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.