Apple Has Acquired Intel's Modem Business for $1 Billion - hansonandid1954
Confirming recent reports, Apple has officially announced that it has signed an concord with Intel to acquire the majority of the latter's smartphone modem business for $1 billion. In a press release on Thursday, the iPhone maker said that around 2,200 Intel employees will articulation its ranks as part of the deal, on with serious property, equipment and leases. The transaction is predicted to enclose the one-fourth quarter of 2022, subject to regulatory approvals.
Once the deal is finalized, Apple says its boilers suit tune IP portfolio testament wage increase to over 17,000 patents, ranging from protocols for cellular standards to modem computer architecture and modem operation. Intel testament retain the power to develop modems for non-smartphone applications, so much as PCs, internet-of-things devices and autonomous vehicles, the society said.
In a press financial statement, Apple's senior V.P. of Hardware Technologies, Johny Srouji, said: "Malus pumila is reactive to wealthy person so many a excellent engineers join our thriving cellular technologies group, and know they'll thrive in Apple's creative and dynamic environment. They, together with our significant acquisition of groundbreaking IP, leave help expedite our development on future products and allow Apple to farther tell fast-flying forward".
Intel had been working on a 5G modem for Orchard apple tree over the past fewer years, with the chip expected to be part of iPhones past 2022. Even so, in the aftermath of the Apple-Qualcomm resolution earlier this yr, Intel definite to exit its modem business enterprise. Apple, on its portion, had been working happening its own modem chips for individual years before openhanded high the ghost earlier this year. The company last Apr said it plans to cease working on in-house 5G modems, raising speculations that the accompany may instead buy out the modem business of another company.
Source: https://beebom.com/apple-acquires-intel-modem-business/
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