Chip stock Intel (INTC) was on top of the world recently as word emerged that Apple (AAPL) was looking to team up with Intel to produce chips. N...

A new report from Ming-Chi Kuo says Intel has already kicked off initial production on iPhone processors for Apple.

It was reported last week that Intel and Apple struck a deal for unknown chips. Now supply chain analyst Ming-Chi Kuo reports Intel is manufacturing “low-end/legacy” chips for…