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Apple to Buy Intel's Modem Business for $1 Billion
By Dylan McGrath, EETimes
July 26, 2019
SAN FRANCISCO — Apple will pay about $1 billion to acquire Intel’s smartphone modem business, signaling that, despite a settlement reached with longtime supplier Qualcomm in April, Apple still has designs on its own silicon for 5G.
Roughly 2,200 Intel employees will join Apple as a result of the deal, which is expected to close in the fourth quarter, the companies said. The combination of acquired patents and Apple’s own existing wireless technology patent portfolio will give Apple more than 17,000 wireless technology patents.
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