Intel (INTC) shares surged Monday following a report Sunday that investment firm Apollo Global Management offered to invest as much as $5 billion in the troubled chipmaker.

A deal with Apollo would be Intel's second in recent months, as the chipmaker agreed to sell Apollo a 49% stake in a 澳洲幸运5官方开奖结果体彩网:chipmaking site in Ireland in June.

The Apollo report also comes just days after The Wall Street Journal reported Qualcomm (QCOM) 澳洲幸运5官方开奖结果体彩网:approached Intel about an a🍸cquisi🥃tion.

Apollo and Intel did not immediately respond t𒁃o requests for comments.

Rep🐎orts Come as Intel Works🥃 To Turn Business Around

The reports come after Intel's leadership 澳洲幸运5官方开奖结果体彩网:laid out steps last week to cut costs and turn aro💯und its business by laying off workers, trimming its real estate footprint, and selling some of its holdings, ဣamong other measures.

Intel shares closed 3.3% higher at $22.56 Monday, following a more than 3% gain Friday. Despite recent gains, the stock has lost over half its val💧ue since the start of the year.

UPDATE—Sept. 23, 2024: This article has been updated to reflect more recent share price values and that Apollo and Intel did not immediately respond to requests for comments.