iPad & iPhone User - USA (2019-08)

NEWS ANALYSIS

Other than the iPhone, that is. Michael Simon reports

T

he race to 5G just added a new lane. Following a

report in the Wall Street Journal, Apple confirmed

that it will be acquiring the majority of Intel’s

smartphone modem chip business, which went belly-up

earlier this year. The transaction is valued at $1 billion

and is expected to close in the fourth quarter of this

year, Apple said in a press release.

Intellectual property exchanging hands between

industry giants isn’t exactly earth-shattering news, but

Why Apple acquired Intel’s

mobile modem business

NEWS ANALYSIS

OtherthantheiPhone,thatis.MichaelSimonreports

T

heraceto5Gjustaddedanewlane.Followinga

reportintheWallStreetJournal,Appleconfirmed

thatitwillbeacquiringthemajorityofIntel’s

smartphonemodemchipbusiness,whichwentbelly-up

earlierthisyear.Thetransactionisvaluedat$1billion

andisexpectedto closeinthefourthquarterofthis

year,Applesaid inapressrelease.

Intellectual property exchanging hands between

industry giants isn’t exactly earth-shattering news, but

Why Apple acquired Intel’s

mobile modem business