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Apple Back on Intel Silicon: Government-Brokered Deal & Nvidia's $40B Equity Bet
Audio is available on Spreaker — see link below.
Apple and Intel have struck a preliminary chip manufacturing deal brokered by the U.S. Commerce Secretary — a rare moment of government-directed industrial policy in semiconductors. Plus, Nvidia's private equity portfolio has crossed $40 billion, raising serious questions about circular capital structures in AI infrastructure.
Audio is available on Spreaker — see link below.
Apple is buying chips from Intel again. That's not a rumor.
For Intel, the signal here is significant. The company has spent years trying to rebuild its foundry business after falling badly behind TSMC.
Apple's side of this equation is worth holding on to. Tim Cook has pointed to supply constraints limiting iPhone sales.
Separate from the Apple-Intel story, Nvidia's investment portfolio is becoming a story in its own right. The company has crossed forty billion dollars in equity commitments this year alone, including new deals with IREN and Corning worth a combined five point three billion dollars.
Pull back and the bigger pattern is this. The U.S. government is no longer a passive policy actor in semiconductors.
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