Apple Confirms Acquisition Of Intel S Cell Modem Business
Apple today has confirmed that it will acquire Intel’s smartphone modem business in a transaction valued at $1 billion. The deal is expected to close during the fourth quarter of 2019 and is subject to regulatory approval. Through this acquisition, Apple will beef up its wireless technology patent portfolio to over 17,000 patents. Apple also says that approximately 2,200 Intel employees will join Apple, as will Intel’s equipment and leases that pertain to the smartphone modem business....