Apple is reportedly in talks to buy Intel’s smartphone-modem chip business for $1 billion

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Intel said it was getting out of the business earlier this year, saying 'there is no clear path to profitability and positive returns.'

Apple is in talks to buy Intel's smartphone-modem business in a deal valued at $1 billion, according to the Wall Street Journal. The two companies had reported discussed a deal earlier this year, but the talks broke down when Apple signed a deal with Qualcomm. Intel announced in April that it was getting out of the smartphone business. CEO Bob Swan said,"There was no clear path to profitability." Click here for more BI Prime stories.

Apple is in talks to buy Intel's smartphone-modem business in a deal valued at $1 billion, according to the Wall Street Journal. The two companies had reported discussed a deal earlier this year, but the talks broke down when Apple signed a deal with Qualcomm. Intel announced in April that it was getting out of the smartphone business. CEO Bob Swan said,"There was no clear path to profitability." Click here for more BI Prime stories.

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