Apple to Acquire Intel’s Smartphone Modem Business

Today, Apple and Intel have signed an agreement for Apple to acquire the majority of Intel’s smartphone modem business. Over 2000 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, Apple says. 

Published by jsworski

Chief Executive- Spectrum Report

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