Apple has reportedly been in talks with Intel regarding manufacturing iPhone/iPad chips, amid falling stock prices and reduced shareholder interest for both Silicon Valley companies. From Neowin:

Intel, whilst the world's richest semiconductor company, have only had a small impact in the highly lucrative mobile processor market. Lesser known manufacturers such as ZTE have been among the only companies to take advantage of Intel's new low power chips. During the development of the original iPhone, Apple looked directly to Intel to provide a lower power processor but the company were unsuccessful.

Predictably Intel tells TechRadar that "we don't comment on rumors or speculation", however Reuters reports the two computing giants have been in talks that have thus far proved futile. The report does indeed boost a claim that Intel's custom foundry vice president and general manager Sunit Rikhi has let slip his company is taking on a major mobile customer. However, when questioned by CNET, Rhiki declined to confirm the future customer was Apple.

 Apple reportedly switching to Intel chips for iPhone/iPad