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Apple buys the ‘majority’ of Intel’s smartphone modem business

The rumors were (mostly) true — Apple is buying the “majority” of Intel’s smartphone modem business for $1 billion. The deal will see Apple take on 2,200 Intel workers as well as equipment, intellectual property and leases. Apple expects the deal to close in the fourth quarter of 2019 so long as regulators approve the handover.

The arrangement still gives Intel the ability to develop modems for computers, Internet of Things devices and self-driving cars. It’s not completely out of the cellular chipset business, then, it’s just scaling back. This will let the chip designer focus on 5G in spaces where it “most closely aligns” with what its customers want. Its phone modems weren’t that popular beyond Apple, to put it another way, and this gives it a chance to refocus…

Read full story at Engadget / Article via RSS

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