Author: Tronserve admin
Thursday 29th July 2021 05:45 PM
Apple Takes Majority Stake In Intel Modem Unit
Apple decided Thursday to pay US$1 billion to buy the majority of Intel's smartphone modem business, a step giving the iPhone maker more control over its supply chain. Included in the deal, some 2,200 Intel employees will join Apple, which will acquire intellectual property, equipment and leases.
Johny Srouji, Apple's senior vice-president of hardware technologies, claimed the move "will help expedite our development on future products and allow Apple to further differentiate moving forward." Intel chief executive Bob Swan said the agreement "enables us to focus on developing technology for the 5G network while retaining critical intellectual property and modem technology that our team has created."
Apple has been investing in its very own mobile chips to increase performance and features in its devices and cut down its dependency on sector leader Qualcomm.
Intel previously this year announced it was abandoning attempts to contend with modem chips for smartphones synched to new-generation "5G" networks. Apple has accused Qualcomm, which retains the most patents for chips, of benefiting from its leading position to charge exorbitant amounts for its chips or entry to its patents. But the two firms at a later time agreed to settle their legal disputes.