Apple to acquire majority of Intel’s smartphone modem business for $1 billion

Apple announced on Th that it has signed an understanding to instruct the bulk of Intel’s smartphone modem business. The bargain is worth $1 billion as well as is expected to closed inward the 4th quarter of this year. Included inward the buyout are 2,200 Intel employees joining Apple, patents as well as other IP, equipment as well as leases.

Here’s a comment from Intel’s CEO on the deal:

“This understanding enables us to focus on developing technology for the 5G network spell retaining critical intellectual belongings as well as modem technology that our squad has created,” said Intel CEO Bob Swan. “We bring long respected Apple as well as we’re confident they render the correct environs for this talented squad as well as these of import assets moving forward. We’re looking forwards to putting our amount endeavor into 5G where it nearly closely aligns alongside the needs of our global client base, including network operators, telecommunication equipment manufacturers as well as cloud service providers.”

And from Apple’s SVP of Hardware Technologies:

“We’ve worked alongside Intel for many years as well as know this squad shares Apple’s passion for designing technologies that deliver the world’s best experiences for our users,” said Johny Srouji, Apple’s senior vice president of Hardware Technologies. “Apple is excited to bring then many first-class engineers bring together our growing cellular technologies group, as well as know they’ll thrive inward Apple’s creative as well as dynamic environment. They, together alongside our pregnant acquisition of innovative IP, volition assist expedite our evolution on futurity products as well as permit Apple to farther differentiate moving forward.”

Rumors of Apple’s involvement inward Intel’s smartphone modem trouble organisation bring been persistent since the company’s really world fallout alongside chip-maker Qualcomm. The 2 sides bring since buried the hatchet, signing a 6-year licensing agreement, simply today’s intelligence reiterates that they’d prefer to motion the modem-making in-house.

Obviously this bargain volition require regulatory approval, simply should it pass, Apple volition grip over 17,000 wireless technology patents, ranging from protocols for cellular standards to modem architecture as well as operation. Intel volition retain the mightiness to prepare modems for non-smartphone products such every bit PCs, IoT devices as well as cars.

Source: Apple

Share this post