Apple ready to buy Intel modem business for $1 billion

In the past, the network has already reported several times that Apple is interested in acquiring Intel’s modem business. To date, sources have reported conflicting information. However, according to the Wall Street Journal, negotiations between Apple and Intel have now entered a crucial phase.

Recall that immediately after the conclusion of the peace agreement with zualcomm, sources reported the termination of negotiations between the parties. However, just over a month ago, The Information shared other information, saying that the parties continue to discuss a possible deal.

Today, the Wall Street Journal noted that Apple is interested in buying Intel’s modem business. The agreement could be concluded as early as next week. According to preliminary estimates, the transaction amount is more than 1 billion dollars.

According to earlier data, in the event of a deal, Apple would be entitled to some of Intel’s patents and development. In addition, the Apple company will be joined by several hundred qualified employees who were engaged in the development of modems in the German office of Intel.

Joshua

About: Joshua

Hello. I'm a tech writer,geek and Apple fan have been blogging and writing in these niches since 2010. Hope we'll become friends.