Apple to buy majority of Intel's modem chip business for US$1 billion

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Apple to buy majority of Intel's modem chip business for US$1 billion

After chipmaker flagged 5G modem exit.

Apple Inc said on Thursday it would buy the majority of Intel Corp's smartphone modem business for US$1 billion ($1.44 billion), months after the chipmaker announced plans to exit the 5G modem chip business. Apple will hold over 17,000 wireless technology patents and take on about 2,200 Intel ...

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