07.206.2019 - Apple to Acquire Majority of Intel’s Smartphone Modem Business

p>SANTA CLARA and CUPERTINO, Calif., July 25, 2019 – Intel and Apple have signed an agreement for Apple to acquire the majority of Intel’s smartphone modem business. Approximately 2,200 Intel employees will join Apple, along with intellectual property, equipment and leases. The transaction, valued at $1 billion, is expected to close in the fourth quarter …... - View Press Release - Visit Intel Corporation