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Apple Buys Intel’s Modem Team for $1 Billion

By
Aaron Tilley
· · Source: The Information

Apple has finally acquired Intel’s modem team, which includes 2,200 employees, patents and equipment.  The deal, valued at $1 billion and expected to close in the fourth quarter, will go a long way to helping Apple achieve independence from Qualcomm, the world leader leader in modems that connect phones to cellular networks. Intel has been a modem supplier for iPhones, but the Intel group had...

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