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October 22, 2020

Bob Swan

Apple to Acquire Majority of Intel’s Smartphone Modem Business by 4th Quarter 2019

(Cupertino and Santa Clara, CA, July 25, 2019) To USTimes from the Apple newsroom today. Apple and Intel have signed an agreement for Apple to acquire the majority of Intel’s smartphone modem business. Approximately 2,200 Intel employees will join Apple, along with intellectual property, equipment, and leases. The transaction, valued at $1 billion, is expected