It won’t come as much of a surprise since the news leaked the other day, but it’s nevertheless a hugely important move on Apple’s part: the company confirmed on Thursday afternoon that it will acquire the majority of Intel’s smartphone modem business for $1 billion. The deal will push Apple ever closer to what appears to be its ultimate goal of taking ownership of every single important component included inside its iPhones. It’s not just about the iPhone and other products Apple currently sells, of course, because all these businesses will also design chips for future Apple products like AR glasses and perhaps even cars.
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Apple just acquired the majority of Intel’s smartphone modem business for $1 billion originally appeared on BGR.com on Thu, 25 Jul 2019 at 16:20:28 EDT. Please see our terms for use of feeds.
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