Apple buys Intel's smartphone modem business for $1 billion
Applehasinked a dealto purchase “the majority” ofIntel’s smartphone modem businessfor $1 billion, both companies have announced. The deal, which had been rumoured for weeks, follows Intel’s announcement from April about it planning toexit the 5G mobile modem business.Intel made that revelation shortly after Apple reached a sudden settlement withQualcomm, which allowed Apple to return to using Qualcomm’s modems. Intel CEO Bob Swan later said Intel dropped its modem businessbecause of the settlement....