Intel completes sale of smartphone modem enterprise to Apple

Apple acquired most of Intel's smartphone modem enterprise in July. Now, the chip maker has formally introduced the finalization of the sale of the vast majority of its smartphone modem enterprise to Apple.

This transaction, valued at $ 1 billion, was introduced on July 25, 2019. As beforehand disclosed, this transaction permits Intel to concentrate on creating applied sciences for 5G networks whereas retaining the power to develop modems for functions aside from smartphones, akin to PCs and the Web. objects and autonomous automobiles.

Intel press launch

For Apple, Intel's possession will permit the corporate to higher concentrate on its linked machine efforts and assign some to the division now in-house. It’s going to additionally make Apple much less depending on its suppliers (at present Qualcomm), as the corporate turns into extra environment friendly and unbiased.

In line with some data, the primary 5G modem manufactured by Intel and supposed to be used on an iPhone will most likely see the sunshine of day in 2022.

Supply: Intel

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