Apple is buying the majority of Intel's smartphone modem business in a $1 billion deal

Apple has struck an agreement to purchase the majority of Intel's smartphone modem business in a deal valued at $1 billion, the iPhone maker announced on Thursday. The deal, which is expected to close in the fourth quarter of this year pending regulatory approval, will give Apple access to more than 17,000 patents covering wireless technologies like modem architecture, cellular standards, and modem operation.

Apple has struck an agreement to purchase the majority of Intel's smartphone modem business in a deal valued at $1 billion, the iPhone maker announced on Thursday. The deal, which is expected to close in the fourth quarter of this year pending regulatory approval, will give Apple access to more than 17,000 patents covering wireless technologies like modem architecture, cellular standards, and modem operation.

These corporate mfkers never stop. Phew!

No stop NOooooooooOooOoOoOOooOOO

Hmmm

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Intel stock soars 5% after announcing the $1 billion sale of its smartphone modem business to Apple and reporting numbers that crushed Wall Street estimatesIntel is flying high after announcing a big $1 billion deal with Apple that will see it finally get out of the smartphone component business. CNBC Cash is like 'Size' its not how b..much U have, it's what U do w/it that counts! 😉 Surprised it jumped more than 2%, a 5% spike seems a lil... premature.😬 Let's see what intel does with it 1st & then decide to move on the signs. 😎 ToungeAndCheek investing SexSells
Source: BusinessInsider - 🏆 729. / 51 Read more »