Sources close to both Apple and Intel have said that the two companies have reached a preliminary agreement for Intel to manufacture processors for Apple. According to The Wall Street Journal, the two parties have been in talks for over a year, and they’ve been finalizing a formal deal over the past few months. Apple is reportedly looking for alternative fabs to TSMC, as it wants to diversify its supply chain in the midst of ongoing chip shortages, and it seems that this latest development is a confirmation of this report.