Apple acquiring most of Intel’s smartphone modem business in $1B deal – TechCrunch

Apple has entered into a deal to acquire a majority of Intel’s modem business, TechCrunch has learned. The deal, valued at around $1 billion, includes Intel IP, equipment, leases and employees, with Apple bringing over 2,200 new roles and bringing its portfolio up 17,000 wireless technology patents. “We’ve worked with Intel for many years and know this team shares Apple’s passion for designing