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Title: Apple is acquiring majority of Intel’s smartphone modem business Post by: HCK on July 26, 2019, 04:05:23 pm Apple is acquiring majority of Intel’s smartphone modem business
What you need to know Apple has confirmed it's acquiring the majority of Intel's smartphone modem business. The deal is valued around $1 billion and will include 2,200 Intel employees. The acquisition will allow Apple to have greater control over the components inside of its products. With the acquisition, Apple will now hold over 17,000 wireless technology patents. Following a rumor earlier this week, Apple on Thursday confirmed an agreement to acquire the majority of Intel's smartphone modem business. The move will see Apple acquire intellectual property, equipment, and 2,200 Intel employees. According to Apple, the transaction is valued at around $1 billion and is set to close in the fourth quarter of 2019 pending regulatory approval. Intel will continue to develop modems for non-smartphone applications, such as PCs and smart home devices. In a statement, Apple's Senior Vice President of Hardware Technologies, Johny Srouji, said how excited the company is about the acquisiti... Source: Apple is acquiring majority of Intel’s smartphone modem business (http://feedproxy.google.com/~r/TheIphoneBlog/~3/hP3SstJtKxo/apple-acquiring-majority-intels-smartphone-modem-business) |