A couple of days ago, we updated that the tech giant Apple is in talks to purchase Intel smartphone modern business. Well, today the company has sealed the deal and now Intel smartphone modem business will be under the belt of Apple which means Apple is now not in a mood to depend on the Qualcomm.
Both Apple and Intel jointly announced that Apple will be acquiring the modern business of intel’s smartphone for $1 billion, the transaction is expected to close by the end of this year. Under the deal, around 2200 Intel employees will be part of the Apple and the deal will also provide the IP and equipment. With this deal, Apple will able to produce its own 5G modem for the upcoming devices.
Furthermore, the deal will offer peace of mind to the Apple and it expected when the company recently resolved the case with the popular chip maker Qualcomm. Now let’s wait and see the upcoming 5G chips by Apple and its performance.