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Apple May Buy Intel’s Modem Business for $1bn

Intel had been working on a chipset for the iPhone maker, with the chip expected to be part of iPhones by 2020

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Apple, Campus, China
A customer is entering the Apple store in Fairfax, Virginia. VOA

Apple which is looking to buy Intel’s modem division since last year is reportedly in “advanced stage” to strike a deal for $1 billion.

It was reported last month that the Cupertino-based iPhone maker is in talks to buy part of Intel’s modem business.

The latest report in Wall Street Journal details that an agreement “could be reached in the next week” if the talks don’t fall apart, reports TechCrunch.

Apple has been working on its own chips for quite some time. Acquiring Intel’s technology could help the iPhone maker accelerate its plans.

Intel on April 16 said it plans to cease working on modems for 5G, the next-generation of wireless technology expected to supercharge mobile connections.

INTEL, US
FILE- This Jan. 1, 2018, file photo shows an Intel logo on the box containing an HP desktop computer on sale at a Costco in Pittsburgh. VOA

Intel confirmed that the “surprise” settlement between Qualcomm and Apple – once pitted against each other over patent violation issues — pushed it to exit the mobile 5G race.

“In light of the announcement of Apple and Qualcomm, we assessed the prospects for us to make money while delivering this technology for smartphones and concluded at the time that we just did not see a path,” said Bob Swan, Intel CEO.

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Apple may have paid chip-maker Qualcomm somewhere between $5 billion-$6 billion for an agreement to dismiss all ongoing litigations, including those with Apple’s contract manufacturers.

Intel had been working on a chipset for the iPhone maker, with the chip expected to be part of iPhones by 2020. (IANS)

Next Story

Apple Commits $6 Billion to Its Original TV Shows and Movies Budget for Its Upcoming Apple TV+ Service

One comedy-drama called "The Morning Show", featuring Jennifer Aniston, Reese Witherspoon, and Steve Carrell, has cost Apple hundreds of millions of dollars

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Apple, TV, Shows
This is a huge jump in Apple's budget for original shows as the company earlier set aside $1 billion for bringing renowned creators and actors to its platform, The Verge reported on Monday. Pixabay

In a bid to give over-the-top streaming services from Netflix, HBO, Amazon and Hulu a run for their money, Apple has committed $6 billion to its original TV shows and movies budget for its upcoming Apple TV+ service, according to a new report from the Financial Times.

This is a huge jump in Apple’s budget for original shows as the company earlier set aside $1 billion for bringing renowned creators and actors to its platform, The Verge reported on Monday.

One comedy-drama called “The Morning Show”, featuring Jennifer Aniston, Reese Witherspoon, and Steve Carrell, has cost Apple hundreds of millions of dollars, said the report quoting the FT.

Apple announced its TV+ service at an event in March. The on-demand subscription service will come with brand new programming from the world’s celebrated artists including Oprah Winfrey, Steven Spielberg, Apple said.

Apple, TV, Shows
In a bid to give over-the-top streaming services from Netflix, HBO, Amazon and Hulu a run for their money, Apple has committed $6 billion to its original TV shows and movies budget. Pixabay

While the company announced that the service will start rolling out from autumn this year, it did not disclose any exact release date or price for the service.

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The FT report indicates that Apple may release it before Disney+ launches on November 12. (IANS)