Apple and Intel $INTC reach agreement for Intel to make chips in Apple devices, WSJ reports.

Apple & Intel have ‌reached a preliminary agreement for Intel to manufacture some of the ​chips that power the ​iPhone maker's devices, the Wall ⁠Street Journal reported on ​Friday, citing people familiar with the ​matter.

Intensive talks between the two companies have been underway for more ​than a year, and they ​hammered out a formal deal in ‌recent ⁠months, the report said.

Stock is up 17% now!!!