July 25, 2019

Apple to acquire Intel’s smartphone modem business

From apple.com:

Apple and Intel have signed an agreement for Apple to acquire the majority of Intel’s smartphone modem business. Approximately 2,200 Intel employees will join Apple, along with intellectual property, equipment and leases. The transaction, valued at $1 billion, is expected to close in the fourth quarter of 2019 […]

Very rumored and not unexpected. Given how critical modems are for smartphones, I’m sure there’s a story about a big project fail inside Apple that led to this.

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