Apple acquires Intel’s smartphone modem business for $1 billion
Apple’s big learning from $6 billion settlement with Qualcomm is becoming more self-dependent for mobile chips. Apple on Thursday announced it is buying Intel’s smartphone modem business, valued at $1 billion. As per the deal, more than 2,000 Intel employees will now work for Apple. Apple has also secured over 17,000 wireless technology patents which range from cellular standards, modem operation to modem architecture. The patent acquisition is likely to put Apple back in race with Huawei which is also a major 5G patent holder globally.