Dogged by disputes with Qualcomm over licenses, Apple turned to Intel to manufacture modems for its iPhones and iPads. And so Intel got to work and began to manufacture modems for Apple’s gadgets.
With the disputes with Qualcomm finally over, Apple is back in business with Qualcomm and Intel is out of a modem business. So, Intel decides to sell its modem business.
Meanwhile, Apple needs 5G modems for its next generation 5G-enabled iPhones. Who else is better placed to acquire Intel’s modem business so it can manufacture its own modems in-house, as it does its processors? Apple.
Rumours say the acquisition could go down for the handsome sum of $1 billion.