Samsung Electronics is set to manufacture the main chip in Apple's next iPhone model.

Bloomberg reports that Samsung plans to make Apple's next generation A9 processor chips at its Giheung plant in South Korea.

Winning this order from Apple could help the world's second-largest chipmaker rebound against Taiwan Semiconductor Manufacturing Co.

Apple picked TSMC to produce A8 processors for its iPhone 6 and 6 Plus devices.

Those agreements happened at a time when relationship between Apple and Samsung had soured due to legal disputes dating back to 2011.