Apple could also be closing in on a deal to buy up Intel’s abandoned smartphone modem enterprise for $1 billion, with The Wall Street Journal reporting today that an agreement could be introduced as early as next week.
Intel announced again in April it was exiting the 5G mobile modem business earlier this year after Apple reached a shock settlement with Qualcomm that will see Apple as soon as once more return to utilizing Qualcomm’s modems in its telephones. Intel CEO Bob Swan went on to make clear that Intel had abandoned the modem business directly because of the Apple settlement — without Apple as a buyer, the corporate concluded that it “just didn’t see a path” ahead.
According to a report from Bloomberg at the time, Apple reportedly determined Intel couldn’t present a 5G modem the iPhone in a timeframe that labored with its plans to launch 5G-prepared smartphones, forcing Apple to reconcile with Qualcomm after years of contentious legal disputes. Now, a deal for Apple to acquire that portion of Intel’s enterprise, masking a portfolio of patents and workers valued at $1 billion or extra, could be reached within the subsequent week, sources inform the WSJ.
After the Apple / Qualcomm deal, Intel reportedly began searching for a buyer for its modem business. And Apple, it seems, makes a variety of sense as a buyer. Before Apple and Qualcomm settling, Intel turned the sole third-party modem provider for the 2018 models of the iPhone. And Apple has lengthy been Intel’s solely primary buyer for modems — practically each different primary Android cell phone depends on both Qualcomm or in-house options.
Whereas Apple has brand new take care of Qualcomm, the famously controlling know-how firm was already reportedly working on developing its own, in-house modems, much like its present inner CPU platform that has resulted within the iPhone and iPad’s proprietary A-series chipsets. Including Intel’s portfolio and experience to the method — expertise that features present work on 5G chips for iPhones — would possible solely velocity up that course of and permit Apple to function impartial of a third-celebration for its modems at some point in the future.