The Wall Street Journal is reporting that Apple and Intel executives have been in discussions about Apple using Intel chips in its hardware. Apple’s only official response at this point is that it’s “rumor and speculation,” but the Journal implies that it’s nearly a done deal. No word on whether Apple would use Intel chips across its product line or just in one or two products, like the Xserve. And this could all just be maneuvering to extract a better deal out of IBM. Losing Apple would be a major blow to IBM’s chip business.