According to news published on the Wall Street Journal, Apple is in talks with Intel to buy Intel’s Smartphone Modem Chip Unit. The companies have almost finalized the deal for $1Billion. The official announcement will be made by the giant as early as this new week, claimed by reports.
A couple of months ago, Apple has finalized the deal with Qualcomm to manufacturer enough number of Chips for their devices on a regular basis. And now, the giant has already planned out to purchase Intel’s Smartphone Modem Chip unit.
If we talk more about the deal, the deal includes Intel’s portfolio of patents as well as the staff associated with the manufacturing department. Everything is covered with a $1Billion deal set by Apple with Intel.
The deal seems to be not finalized as of now as none of the companies has spoken anything upfront. However, we could expect it to be done in the next couple of days and we will hear some official news about this deal in the next week.
This will add a lot of benefits to Apple’s manufacturing department as the company will be able to produce a number of modems for their future devices in less time after this acquisition. The company has decided to expand its modem business and for that reason, they are investing such a huge amount of money in Intel’s Modem Chip Unit.
Apple is not capable enough for developing its inhouse modems for the future iPhones and for that reason, they are setting up this deal with Intel. Together, they can accomplish their task and will produce enough number of models for their future devices.
Recently, the company has hired the engineers and developers from Intel who are working on the development of the latest and most advanced modems for future devices. They will now manufacture modems for Apple’s own devices in the future.
We all are aware of the future of Technology. The way of communicating with each other will be boosted with the new 5G Network. The new Intel’s Modems will be compatible with 5G Network on the iPhones. We will soon get to hear about this deal.
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