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Yes, Apple buys most of Intel's modem business for $ 1 billion

26.07.2019 Francis Patterson 0 Comments

Yes, Apple buys most of Intel's modem business for $ 1 billion

This is the official confirmation of preliminary information that Apple is about to announce the purchase of a part of Intel’s business. The parties have already concluded an agreement, under the terms of which Apple will move "most of Intel's business associated with the release of modems for smartphones." The amount of the transaction, as expected, was equal to $ 1 billion.

The corresponding press release states that, under the agreement, about 2,200 Intel employees will join Apple along with intellectual property, equipment and leased property.

It is important to note that Intel is not completely out of dial-up business. Intel will continue to develop and produce modems for mobile PCs, self-driving vehicles, IoT devices and other areas.

Apple expects the acquisition to accelerate technology development for the 5G network. Actually, now Apple will own more than 17,000 patents in the field of wireless technologies, ranging from basic protocols for cellular standards and ending with a modem architecture.

Of course, the absorption still has to go through the usual regulatory approval procedure in such cases. The transaction is expected to be completed in the fourth quarter of 2019.

Recall, Intel announced that it was abandoning plans to release 5G modems for smartphones in April, just a few hours after Apple and Qualcomm unexpectedly announced a peaceful settlement of a multi-year patent dispute, the signing of a multi-year license agreement and a contract for the supply of modems for the iPhone. Before Apple and Qualcomm became friends again, Intel was the only modem supplier for the iPhone in 2018. In the same month, information appeared on the network that Intel was looking for a buyer for modem business, while Apple was called the most likely bidder.

Source: Apple

#apple#billion#business#buys#Intel39s#iPhone#modem#Patents

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