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Apple Business

Confirmed: Apple is Acquiring Intel’s Smartphone Modem Business For $1 Billion

August 1, 2019July 26, 2019 by Gareth Glaser
Apple acquiring Intel's smartphone modem business

We covered this yesterday that Apple is in talks to buy Intel’s smartphone modem business for $1 billion. Apple today confirmed this that the said deal will be closed as early as the fourth quarter of 2019. With this acquisition, Apple’s wireless technology patent portfolio will soar to 17,000 patents.

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