Apple to acquire Intel's smartphone modem business for $1B

Apple has signed an agreement to acquire the majority of Intel's smartphone modem business for $1 billion, including approximately 2,200 employees, intellectual property, equipment and leases. The deal is expected to close in Q4 2019.

“This agreement enables us to focus on developing technology for the 5G network while retaining critical intellectual property and modem technology that our team has created.”intc.com

• 1 source
• intc.comAnnouncing 5G Smartphone Modem Divestiture :: Intel Corporation (INTC)Jul 25, 2019

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