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  • Macworld UK

    Why Apple acquired Intel’s mobile modem business

    Aug 23, 2019 3 minutes
    Michael Simon reports

    The race to 5G just added a new lane. Following a report in the Wall Street Journal, Apple confirmed that it will be acquiring the majority of Intel’s smartphone modem chip business, which went belly-up earlier this year. The transaction is valued at $1 billion and is expected to close in the fourth quarter of this year, Apple said in a press release.

    Intellectual property exchanging hands between industry giants isn’t exactly earth-shattering news, but this deal has significant ramifications. Just four months ago,

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