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Apple reportedly in “advanced talks” to acquire Intel’s 5G modem business

By Cookie Monster - on 24 Jul 2019, 12:00am

Apple reportedly in “advanced talks” to acquire Intel’s 5G modem business

Apple could be acquiring Intel’s 5G modem business soon. 

The Wall Street Journal claims that Apple is in “advanced talks” to acquire Intel’s 5G modem business. The deal, which will include Intel's portfolio of patents and staff, is valued at $1 billion or more. The deal could be reached next week, but talks could still fall apart. 

Both companies were rumored to be in talks prior to Apple’s settlement with Qualcomm. Following the deal with Qualcomm, talks between Apple and Intel broke down. Intel also announced it would be exiting the 5G smartphone modem market as there is "no clear path to profitability and positive returns".

Intel was reportedly exploring "strategic alternatives" for its smartphone modem chip business which included selling the business to an interested party and putting its intellectual property on cellular wireless connectivity on the auction block

If the deal is successful, it could save "years of development work" for Apple. Although radio modem design has been assigned a higher priority within the company, it is estimated that Apple could take at least five years to deploy its own 5G modems

Source: The Wall Street Journal via 9to5Mac 

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