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Intel Corp. has made strides toward saving its faltering business with the backing of some high-profile investors — and it’s reportedly looking to another tech giant for its next lifeline.
The chip pioneer
INTC has asked Apple Inc. AAPL for an investment, and the two companies have discussed working together closely, Bloomberg News reported late Wednesday, citing unnamed people familiar with the matter. Intel and Apple are reportedly still in the early stages of talks, and it’s possible no agreement comes out of it, the people said.
This post was originally published on Market Watch