Houston Chronicle by Liana Baker, Mark Gurman and Ian King July 23, 2019
Apple Inc. is negotiating to buy Intel Corp.’s struggling cellular modem unit, said a person familiar with the matter.
A deal would give Apple key engineering talent and patents that would help it develop new devices to connect to the mobile internet. The Intel assets could be valued at about $1 billion in a transaction, said the person, who asked not to be identified because the matter was private.
An agreement could be reached as soon as this week, though it’s possible talks could break down without a deal, the person said.
More:
https://www.houstonchronicle.com/techburger/article/Apple-Is-in-Talks-With-Intel-for-Cellular-Modem-14116016.php
