Apple acquiring most of Intel’s smartphone modem business $1B deal

Apple has entered into a deal to acquire a majority of Intel’s modem business, TechCrunch has learned. The deal, valued at around $1 billion includes Intel IP and employees, with Apple bringing over 2,200 new roles and bringing its modem portfolio up 17,000 patents. 

The deal confirms earlier rumors that Apple would acquire the business in order to permanently uncouple itself from Qualcomm, the source of much contention for both parties over the last several years.

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