Coupled multi-inductors and their applications. An apparatus includes several circuit stages. Each circuit stage includes an inductive element that overlaps with the inductive elements of its adjacent circuit stages, forming a loop of coupled circuit stages. The apparatus may be, for example, a multi-phase oscillator with multiple oscillators that are magnetically coupled to each other for generating oscillation signals at different phases. The apparatus may also be, for example, a phase interpolator for combining input signals.