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Apple Reportedly Wanted to Acquire Intel’s Modem Business Before Settling With Qualcomm

Apple Reportedly Wanted to Acquire Intel’s Modem Business Before Settling With Qualcomm

7 years ago
Anonymous $9jpehmcKty

https://wccftech.com/apple-wanted-acquire-intel-modem-business-wsj/

Many of you have been keeping a close eye on the industry, and with Apple reaching a settlement with Qualcomm and dropping all litigation, it would have made things difficult for Intel. The chip giant shortly after announced that it would be dropping out of the 5G smartphone modem business, leaving an empty field for Qualcomm to take advantage of in the form of securing a lucrative deal with Apple. While all this was public knowledge, a new report has surfaced this week, detailing that Apple actually held talks with Intel about acquiring its smartphone modem chip business.

According to The Wall Street Journal, the talks between Intel and Apple commenced last summer and continued until recently. Unfortunately, both parties could not reach an agreement as Apple inked a deal with Qualcomm. After Apple and Qualcomm reached an agreement, Intel said that it was “exploring strategic alternatives for its modem chip business.” However, selling the modem division to Apple is still a possibility. However, the report adds that the modem business can also be bought by someone else, meaning that Apple will lose out on potential talent.

Apple Reportedly Wanted to Acquire Intel’s Modem Business Before Settling With Qualcomm

Apr 27, 2019, 3:13pm UTC
https://wccftech.com/apple-wanted-acquire-intel-modem-business-wsj/ > Many of you have been keeping a close eye on the industry, and with Apple reaching a settlement with Qualcomm and dropping all litigation, it would have made things difficult for Intel. The chip giant shortly after announced that it would be dropping out of the 5G smartphone modem business, leaving an empty field for Qualcomm to take advantage of in the form of securing a lucrative deal with Apple. While all this was public knowledge, a new report has surfaced this week, detailing that Apple actually held talks with Intel about acquiring its smartphone modem chip business. > According to The Wall Street Journal, the talks between Intel and Apple commenced last summer and continued until recently. Unfortunately, both parties could not reach an agreement as Apple inked a deal with Qualcomm. After Apple and Qualcomm reached an agreement, Intel said that it was “exploring strategic alternatives for its modem chip business.” However, selling the modem division to Apple is still a possibility. However, the report adds that the modem business can also be bought by someone else, meaning that Apple will lose out on potential talent.