Intel seeks investment from Apple as part of turnaround efforts, Bloomberg says

Intel (INTC) has approached Apple (AAPL) about an investment in the troubled chipmaker as part of efforts to turn around a business that’s now partially owned by the U.S. government, Bloomberg’s Ryan Gould and Liana Baker report, citing people familiar with the matter. The two companies have also discussed how to work more closely together, the authors say, noting that the talks have been early-stage and may not result in a deal. Shares of Intel are up 6.8% in afternoon trading.