On May 10, Intel’s share price surged by 13.96% in a single session, pushing its market value to USD 627.8 billion. Its stock has tripled since April and gained about another 33% in May. The key market catalyst: Intel is in talks with Apple to manufacture main processors in the United States, with some preliminary agreements already reached. If finalized, this will mark the first time Apple’s main chips are produced in the U.S. in nearly a decade since the launch of Apple Silicon, which has so far relied heavily on TSMC. The move is seen as a major step in the U.S. government’s push to bring chip production back home and reduce reliance on TSMC, while significantly boosting Intel’s competitiveness in advanced process technology and high-end contract manufacturing. Industry insiders believe the Apple order could bring Intel billions of dollars in annual revenue and accelerate its process technology upgrades; for TSMC, it is a modest negative, but the near-term impact will be limited.