Intel Completes Sale of Smartphone Modem Business to Apple

Intel Corporation today announced it has completed the sale of the majority of its smartphone modem business to Apple. This transaction, valued at $1 billion, was announced on July 25, 2019. As previously disclosed, this transaction enables Intel to focus on developing technology for 5G networks while retaining the option to develop modems for non-smartphone applications, such as PCs, internet of things devices and autonomous vehicles.

With the deal completed, Apple will own more of its technology stack and supply chain, and will be less dependent on third-party vendors when it comes to designing and manufacturing some of the most crucial components of its mobile devices. The company has been transitioning away from third-party chips since the iPhone was first released — the first three models used Samsung CPUs before Apple unveiled its A-series chips — to gain more control over its devices and enable better performance. Apple is even rumored to be phasing out Intel CPUs in some of its computers, replacing them with the company’s own ARM-based processors. – Engadget.

Source: ReutersIntel


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