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Intel CEO Lip-Bu Tan wins Apple and Musk deals as chips face rising pressure
Technology
Published on 9 May 2026
The surprising Elon Musk deal helped Intel soar
Intel’s CEO Lip-Bu Tan has steered the chipmaker toward customer-first partnerships, drawing interest from Apple and Tesla and striking a surprising deal involving Elon Musk. The strategy has already pushed Intel’s stock to a record high, raising hopes of a turnaround. But with industry competition intensifying, Tan now faces the bigger test: a real breakthrough in chips manufacturing and performance.
- CEO Lip-Bu Tan built Intel’s turnaround around partnerships and customer pull
- Interest from Apple and Tesla signals renewed confidence in Intel’s roadmap
- A surprising Elon Musk-linked deal boosted momentum and stock performance
- Record highs now raise expectations for a concrete chip breakthrough
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times