Apple may partner with Intel to manufacture future iPhone and Mac chips, signaling a strategic move to reduce reliance on TSMC by 2027–2028.

Investors are betting big on a turnaround, but the company keeps making execution mistakes.

Intel warned of mounting supply shortages and further losses after posting a $333 million loss, as CEO Lip-Bu Tan admitted the chipmaker failed to meet market demand, sending shares down more than 12%.

Intel CFO David Zinsner indicated that Intel is “prioritizing [its] internal wafer supply to data center” and having more of its consumer chips made externally. Substantial portions of the Core Ultra Series 3 processors are manufactured at Intel, after the company primarily used TSMC’s chip factories for the Core Ultra Series 2 designs.

By Arsheeya Bajwa Jan 21 (Reuters) - Intel shareholders are optimistic about the company's results like they have not been for many quarters, betting the turnaround CEO Lip-Bu Tan promised was taking root and that rapid data center build outs were fueling strong demand for its traditional server chips.

But it's full steam ahead on its other process nodes.

Intel said on Jan. 22 it struggled to satisfy demand for its server chips used in AI data centers.

Intel's CEO Lip-Bu Tan addressed investors with a candid admission on Thursday, saying he's \"disappointed that we are not able to fully meet the deman.

For the current quarter, Intel said it’s looking for breakeven earnings-per-share and revenue of between $11.7 billion and $12.7 billion. Both numbers came in below the Street’s forecast, which calls for earnings of five cents per share on sales of $12.51 billion.

On-package memory would've put Intel in a tough spot if not.

Intel’s stock price has more than doubled in the past five months, since President Donald Trump announced the U.S. government would buy a 10% stake in the ailing chip manufacturer, followed by similar investments from SoftBank and Nvidia.