Intel CEO Paul Otellini has poured cold water on recent speculation that it will fabricate ARM-based chips for Apple, reports CNet. An earlier report by Reuters indicated that the two companies had entered talks on the possibility, however, Otellini's comments seem to suggest that a straight-forward chip fabrication deal is not on the table. In taking a question on the subject at Tuesday's conference call, Otellini answered with a point blank, ëNo.'