Intel stock surged late Wednesday after Bloomberg reported that the chip maker had approached Apple asking for an investment.

The article cited people familiar with the matter, noting that talks have been in an “early stage” and may not lead to a deal.

Intel declined to comment on the report. Apple didn’t immediately respond to a request for comment.

Intel stock jumped 7% in morning trading.

The chip maker has recently been raising capital from a variety of sources. Last week, Intel announced a new partnership with Nvidia, part of which entails Nvidia investing $5 billion in Intel stock.

In August, Intel also announced a $2 billion investment from Japan’s SoftBank. That same week, Intelannouncedan agreement for the U.S. government to make an $8.9 billion investment in Intel shares.