GoKawiilIntel shares climbed 14% Tuesday, hitting a new all-time high as the chipmaker continued its historic run from April.
The jump comes on a Bloomberg report that Apple is in talks with both Intel and Samsung to produce the main processors for its devices in the U.S. The iPhone maker has had a long-time reliance on chips from Taiwan Semiconductor Manufacturing Co .
Intel and Samsung declined to comment on the report. Apple did not respond to a request for comment.
The surge follows Intel's best month in its 55 years on the Nasdaq. The stock jumped 114% in April and pushed the market cap past $470 billion.
Several major partnerships helped fuel the rally. The U.S. semiconductor firm announced an expansion of its partnership with Google , as well as plans to join Elon Musk's Terafab project in April.
Intel also announced it would repurchase its Fab 34 chip facility in Ireland last month for $14.2 billion.