Is Apple Behind Intel Corporation (INTC) And AMD Working Together?

NASDAQ: INTC | Intel Corporation News, Ratings, and Charts

INTC – Intel’s recent deal to include AMD chips in a new package likely has something to do with Apple.

In a move absolutely no one could have expected, Intel Corporation (NASDAQ:INTC) is working with its chief rival on a new chip product.

The EE Times has more details on the startling combination of Intel and AMD, which brings together the two chipmakers for the first time in history:

Hell has frozen over. Pigs have flown, and dogs and cats are living together. Broadcom is trying to buy Qualcomm, and Intel is marketing a multi-chip package that combines its processor and with a discrete graphics chip from AMD.

Why the alliance, and why now? At least one analyst believes that Apple is to blame:

One interesting theory that we first heard from Kevin Krewell of Tirias Research is that, after decades of rivalry, Intel and AMD came together at the behest of Apple to produce a solution with the processing power of Intel’s Core and graphics performance of AMD’s Radeon that would be small enough to enable Apple to put it in an ultraslim MacBook. “As AMD is Apple’s favorite graphics supplier, putting Intel’s CPU and AMD’s GPU together in one package is a win for the company.”

Since Apple is notoriously secretive about all of its business practices, we’re unlikely to find out if they’re involved in the tie-up any time soon. But it’s unlikely that any other company could hold the power and sway to force Intel and AMD into such an unlikely business arrangement.

Perhaps the chip package will end up in a new high-end Macbook or even a new iPad Pro. We’ll just have to wait and see.

Intel Corporation shares were mostly flat in premarket trading Wednesday. Year-to-date, INTC has gained 29.00%, versus a 16.61% rise in the benchmark S&P 500 index during the same period.

INTC currently has a POWR Rating of A (Strong Buy), and is ranked #2 of 97 stocks in the Semiconductor & Wireless Chip category.

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