Apple has bought a majority stake in Intel's smartphone modem business for US$1 billion and about 2200 Intel employees will move to the Cupertino-based iPhone maker, along with intellectual property, equipment and leases.
Apple may soon have a missing piece in its iPhone manufacturing chain if it succeeds in acquiring Intel's 5G smartphone modem business, with reports that the two companies are well advanced in talks to achieve this end.
Close on the heels of the announcement of a truce in the Apple-Qualcomm patent war, Intel has said it will be exiting the 5G smartphone modem business and not even launching the products it had planned for 2020.
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