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Report: Apple mulling $1B deal for Intel modem business

Malia Spencer
Report: Apple mulling $1B deal for Intel modem business

Intel has been looking for a buyer for its smartphone modem business since at least April when the company said it would exit the smartphone modem business. At the time it said it would meet obligations for 4G modems but would not be releasing its forthcoming 5G smartphone modem in 2020. Intel famously missed out on supplying Apple’s original iPhone and struggled to catch up in the mobile chip business ever since.