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- Intel +14% to record $628B as Apple said to reach chip manufacturing deal
Intel +14% to record $628B as Apple said to reach chip manufacturing deal
Bay Area Times
May 11, 2026
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Top stories today:
- Intel +14% to record $628B as Apple reaches chip manufacturing deal
- White House readies AI cybersecurity order without mandatory testing
- Isomorphic Labs, Google DeepMind spinout, nears $2B+ round
- Cerebras raises IPO range to $150-$160, targeting ~$4.8B
- NVIDIA tops $40B in AI equity deals in 2026, including OpenAI stake
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):
1. Intel +14% to record $628B as Apple said to reach chip manufacturing deal
It remains unclear which Apple products Intel would manufacture chips for.
Trump personally advocated for Intel with Apple CEO Tim Cook.
A $9B U.S. government grant and a 10% stake in Intel helped bring Apple to the table.
Intel has also signed partnerships with NVIDIA and SpaceX following Commerce Department efforts.
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3. White House said to ready AI cybersecurity order without mandatory model testing
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The draft EO would expand U.S. cyber information-sharing programs to include AI companies and threats.
Finding and patching vulnerabilities across federal, state, and local networks would reportedly become easier under the planned changes.
It remains unclear when Trump could sign the measure, which is still subject to change.
The directive would emphasize voluntary participation by AI developers instead of government testing before release.
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5. Isomorphic Labs, Google DeepMind spinout, said to near $2B+ Thrive-led round
Representational image generated using ChatGPT.