Your new post is loading...
Apple has agreed to acquire Intel's 5G modem business in a deal which highlights the iPad and iPhone maker's desire to control more of its supply chain.
On Thursday, at the same time that Intel released its Q2 2019 earnings report, Apple announced the deal which is worth $1 billion.
Under the terms of the agreement, roughly 2,200 engineers will move from Intel to Apple, which forms of the majority of Intel's modem business.
Apple will also acquire a range of patents, bringing the tech giant's count up to over 17,000 in wireless technologies, cellular standards, and modems.
A Google exec admits the ugly truth about the smart home
Is Apple cutting corners in order to cut prices? (ZDNet YouTube)
"Intel will retain the option to develop modems for non-smartphone applications, such as PCs, internet of things devices and autonomous vehicles," Apple says.
Learn more / En savoir plus / Mehr erfahren:
https://www.scoop.it/t/21st-century-innovative-technologies-and-developments/?&tag=Acquisitions
Apple has agreed to acquire Intel's 5G modem business in a deal which highlights the iPad and iPhone maker's desire to control more of its supply chain.
On Thursday, at the same time that Intel released its Q2 2019 earnings report, Apple announced the deal which is worth $1 billion.
Under the terms of the agreement, roughly 2,200 engineers will move from Intel to Apple, which forms of the majority of Intel's modem business.
Apple will also acquire a range of patents, bringing the tech giant's count up to over 17,000 in wireless technologies, cellular standards, and modems.
A Google exec admits the ugly truth about the smart home
Is Apple cutting corners in order to cut prices? (ZDNet YouTube)
"Intel will retain the option to develop modems for non-smartphone applications, such as PCs, internet of things devices and autonomous vehicles," Apple says.
Learn more / En savoir plus / Mehr erfahren:
https://www.scoop.it/t/21st-century-innovative-technologies-and-developments/?&tag=Acquisitions