Sat. Dec 14th, 2019

Intel says it sold its cellular modem business to Apple at “a multi-billion dollar loss”

Source: https://www.techspot.com/news/82975-intel-sold-phone-modem-chip-business-apple-multi.html

Intel says it sold its cellular modem business to Apple at “a multi-billion dollar loss”

Earlier this year, Apple poached Intel’s lead 5G phone modem developer, which is widely believed to have prompted the latter’s exit from that market. In July, news broke that Intel had signed an agreement with the Cupertino giant to hand over its 5G modem division for $1 billion.

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Source: https://www.techspot.com/news/82975-intel-sold-phone-modem-chip-business-apple-multi.html

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