3 reasons why Apple spent a billion bucks on Intel's smartphone modem business<article>
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<p><strong>Update 7/25:</strong>
This article has been updated with news of the sale.</p><p>The race to 5G just added a new lane. Following a report in <a href="
https://www.wsj.com/articles/apple-in-advanced-talks-to-buy-intels-smartphone-modem-chip-business-11563830356" rel="nofollow">
the Wall Street Journal[/url] earlier this week,
Apple has announced that it will be acquiring the majority of Intel's smartphone modem chip business, which went belly-up earlier this year. The transaction is valued at $1 billion and is expected to close in the fourth quarter of this year, Apple said in <a href="
https://www.apple.com/newsroom/2019/07/apple-to-acquire-the-majority-of-intels-smartphone-modem-business/" rel="nofollow">a press release[/url].</p><p class="jumpTag"><a href="/article/3410604/apple-intel-mobile-modem-chip-business-purchase.html#jump">To read this article in full, please click here[/url]</p></section></article>
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3 reasons why Apple spent a billion bucks on Intel's smartphone modem business
