SANTA CLARA (dpa-AFX) - Chipmaker Intel Corp. (INTC) announced Monday it has completed the sale of the majority of its smartphone modem business to iPhone maker Apple Inc. (AAPL) in a transaction valued at $1 billion, which was announced on July 25, 2019.
The transaction enables Intel to focus on developing technology for 5G networks while retaining the option to develop modems for non-smartphone applications, such as PCs, internet of things devices and autonomous vehicles.
With the acquisition, Apple will hold over 17,000 wireless technology patents.
Copyright RTT News/dpa-AFX
APPLE-Aktie komplett kostenlos handeln - auf Smartbroker.de