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July 23 - 09:07
26D
Apple eyeing Intel's modem chip business
Apple is pursuing the buyout of Intel's modem chip business. The Wall Street Journal reports that Apple is in advanced talks for a $1 billion takeover. They have been in discussions for around a year. It would be a key strategic shift towards 5G for Apple, who would have access to Intel's engineering talent. Intel's smartphone division has been losing $1 billion annually.
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