Apple Has Acquired Intel’s Modem Business for $1 Billion
Apple Has Acquired Intel’s Modem Business for $1 Billion Confirmingrecent reports, Apple has officially announced that it has signed an agreement with Intel to acquire the majority of the latter’s smartphone modem business for $1 billion. In a press release on Thursday, the iPhone maker said that around 2,200 Intel employees will join its ranks as part of the deal, along with intellectual property, equipment and leases. The transaction is expected to close in the fourth quarter of 2019, subject to regulatory approvals....