The recent rumor that Apple is buying Intel’s smartphone modem business has now been confirmed by Apple. The company has revealed that the deal is worth $1 billion and around 2,200 Intel employees will join Apple.
Apple will also acquire intellectual property, equipment and leases, when acquired Apple will own over 17,000 patents related to wireless technology.
This will give Apple a massive boost to producing its own 5G modems, it will also allow Apple to move away from Qualcomm. Apple and Qualcomm recently settled a patent in a $4.5 billion deal.
“We’ve worked with Intel for many years and know this team 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 have so many excellent engineers join our growing cellular technologies group, and know they’ll thrive in Apple’s creative and dynamic environment. They, together with our significant acquisition of innovative IP, will help expedite our development on future products and allow Apple to further differentiate moving forward.”
Apple are expected to introduce their first 5G iPhones next year, this new deal should help Apple to develop their own 5G modems based on Intel’s technology. You can find out more information about the deal over at Apple at the link below.
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