Apple will acquire Intel's smartphone modem business, confirming earlier reports that the two companies were in talks for this acquisition. This Apple-Intel deal could boost the iPhone maker's 5G ambitions in the future
Apple Inc is negotiating to buy Intel Corp’s struggling cellular modem unit that would give Apple key engineering talent and patents that would help it develop new devices to connect to the mobile internet.
Apple is in talks to acquire Intel’s modem unit, technology website The Information reported on Tuesday. The Santa Clara, California-based company has invested billions in developing modems since acquiring the business for $1.4 billion from Infineon AG in 2011.