Apple announces $1B Intel modem deal | Inside Apple - July, 26th 2019

Inside Apple (Jul 26th, 2019)

Apple announces $1B Intel modem deal

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1. As reported earlier this week, here’s Apple’s press release announcing it will acquire the majority of Intel’s smartphone modem business. The deal is worth around $1 billion and nets Apple 2,200 employees as well as IP for making 5G modems. Intel’s CEO says it “really only had one customer” for modems, and it’s happy to let that customer buy the business. This will not bear fruit overnight; a roadmap to get an Apple-built modem into one product by 2021 is considered aggressive. There are other shoes to drop in this strategy; analyst Ben Bajarin says to watch for Apple to buy a baseband radio company next. — @BENBAJARIN


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