As previously disclosed, this 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. Intel Exits 5G Modem Business Following Apple, Qualcomm Deal. Intelâs news source for media, analysts and everyone curious about the company. The deal is expected to close by the end of 2019. Apple Inc. All rights reserved. The ⦠Forward-Looking StatementsThis press release contains forward-looking statements relating to the expected benefits of the sale of the majority of Intelâs smartphone modem business to Apple and Intelâs future plans and expectations. Apple replaced my phone with another 1778 model, and Iâm still having all the same problems. Apple Inc. is buying Intel Corp. âs struggling cellular modem unit, bringing on key engineering talent and patents that will allow the technology giant to ⦠Apple and Intel. Combining the acquired patents for current and future wireless technology with Apple’s existing portfolio, Apple will hold over 17,000 wireless technology patents, ranging from protocols for cellular standards to modem architecture and modem operation. That could have a nasty impact on the company's overall 5G ramp. Risks and uncertainties include without limitation the outcome of regulatory reviews of the transaction, the outcome of works council consultations and other relevant consultations in certain jurisdictions, the ability of the parties to complete the transaction in the time expected or at all, litigation or regulatory matters affecting the closing of the transaction. Apple’s five software platforms — iOS, iPadOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. The deal -- which was announced in July -- ⦠Apple will acquire âthe majorityâ of Intelâs smartphone modem business for $1 billion, the two companies announced today. Other names and brands may be claimed as the property of others. Copyright © Apple assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates. This transaction, valued at $1 billion, was announced on July 25, 2019. Apple is buying Intel's modem business for around $1 billion dollars. Last year, Apple had replaced Qualcomm as a modem chip supplier with Intel. The ongoing dispute between Apple and Qualcomm was the reason why Apple resorted to Intel for its modem technology. Approximately 2,200 Intel employees will join Apple, along with intellectual property, equipment and leases. Find more information about Intel at newsroom.intel.com and intel.com. Intel ⦠The transaction, valued at $1 billion, is expected to close in the fourth quarter of 2019, subject to regulatory approvals and other customary conditions, including works council and other relevant consultations in certain jurisdictions. Intel, Google Cloud Aim to Advance 5G Networks, Edge Innovations, People, Processes, Products Define Intelâs Security Strategy, Latest News: 5G & Wireless Communications. Apple made its $1 billion Intel acquisition official, announcing it will acquire the company's smartphone modem business. Important factors that could cause actual results to differ materially are set forth in Intelâs earnings release dated Oct. 24, 2019, which is included as an exhibit to Intelâs Form 8-K furnished to the SEC on such date. Additional information regarding these and other factors that could affect Intelâs results is included in Intelâs SEC filings, including the companyâs most recent reports on Forms 10-K and 10-Q. The company was eventually able to score a design win in Apple's iPhones, becoming the exclusive modem supplier in 2018 amid Apple's legal war with Qualcomm. Photo: Intel Corporation Apple may be closing in on a deal to buy up Intelâs abandoned smartphone modem business for $1 billion, with The Wall Street Journal reporting today that ⦠We’re looking forward to putting our full effort into 5G where it most closely aligns with the needs of our global customer base, including network operators, telecommunications equipment manufacturers and cloud service providers.”, “We’ve worked with Intel for many years and know this team shares Apple’s passion for designing technologies that deliver the world’s best experiences for our users,” said Johny Srouji, Apple’s senior vice president of Hardware Technologies. Intel will retain the ability to develop modems for non-smartphone applications, such as PCs, internet-of-things devices and autonomous vehicles. This transaction, valued at $1 billion, was announced on July 25, 2019. Apple says it will buy Intelâs modem business for $1 billion. © Intel Corporation. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than we found it. Copies of Intelâs Form 10-K, 10-Q and 8-K reports may be obtained by visiting our Investor Relations website at www.intc.com or the SECâs website at www.sec.gov. Intel today announced it has completed the sale of the majority of its smartphone modem business to Apple for $1 billion following regulatory approval. Even before Apple's breakup with Intel over modems, all the rumors pointed to Apple gearing up to build its own modem chips. Approximately 2,200 Intel employees will join Apple, along with intellectual property, equipment and leases. The ⦠It's a critical part of the hardware we all use every day, and Apple likes to control all of those critical parts. Apple confirmed that it was acquiring Intelâs mobile modem business for billion. As the maker of iPhones and iPads, Apple ⦠Intel Mobile Communications was formed after Intel acquired the Wireless Solutions (WLS) division of Infineon early in 2011 for US$1.4 billion. The deal gives Apple access to patents and intellectual property from Intel, along with around 2,200 employees. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. More information on these risks and other potential factors that could affect the transaction and Apple’s financial results is included in Apple’s filings with the SEC, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of Apple’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. The intel modem seems to have inferior cellular connectivity compared to the Qualcomm modem. SANTA CLARA, Calif., Dec. 2, 2019 â Intel Corporation today announced it has completed the sale of the majority of its smartphone modem business to Apple. Approximately 2,200 Intel employees will join Apple, along with intellectual property, equipment and leases. This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. As part of the deal, 2,200 Intel employees will become Apple employees, and Apple will ⦠Apple Inc took a major step toward supplying its own smartphone chips by purchasing the majority of Intel Corp's modem business in a deal valued at $1 billion, the companies said on Thursday. Approximately 2,200 Intel employees will join Apple, along with intellectual property, equipment and leases. These forward-looking statements include without limitation those about the pending acquisition of the majority of Intel’s smartphone modem business, including statements regarding the benefits and the timing of the transaction. “Apple is excited to have so many excellent engineers join our growing cellular technologies group, and know they’ll thrive in Apple’s creative and dynamic environment. Around 2,200 Intel employees will ⦠Intel Completes Sale of Smartphone Modem Business to Apple SANTA CLARA, Calif., Dec. 2, 2019 â Intel Corporation today announced it has completed the sale of the majority of its smartphone modem business to Apple. Apple has officially confirmed that it is buying Intel's 5G modem business for $1 billion. Intel had already tried its luck in the smartphone market with its x86 architecture, it could not get into double figures in terms of market share, and hence Intel decided to leave the market. By embedding intelligence in the cloud, network, edge and every kind of computing device, we unleash the potential of data to transform business and society for the better. Why Apple buying Intel's modem business is a big deal for the iPhone. Own the modem. Apple to acquire the majority of Intel's smartphone modem business Cupertino and Santa Clara, California â Apple and Intel have signed an agreement for Apple to acquire the majority of Intelâs smartphone modem business. To learn more about Intelâs innovations, go to newsroom.intel.com and intel.com. 2021 Apple to acquire the majority of Intel's smartphone modem business. This afternoon, it became official: pending regulatory approvals, Apple will acquire the majority of Intel âs smartphone modem business. With Apple acquiring Intelâs modem business back in 2019, it was widely expected that this would eventually result in Apple developing their own 5G modems that they would then use in their iPhones (or maybe even 5G capable MacBooks). These statements involve risks and uncertainties, and actual results may differ. Apple is purchasing Intel's smartphone modem business for $1 billion, confirming recent reports that it was the leading bidder for 5G modem IP. Apple is in talks to buy Intel's German modem unit, which could help Apple develop its own modem chips more quickly, reports The Information.. Intel is considering selling its modem ⦠Intel previously insisted it would have a 5G modem available in 2020, though analysts had doubted its ability to ⦠The latest news and updates, direct from Apple. Intel is reportedly out of the running for Apple's 2020 iPhone and its 5G modem. From my experience in the last 2 months, Iâve had frequent quality of service issues, while my boyfriend does not. Apple has agreed to buy the majority of Intelâs smartphone modem division for $1 billion, both companies announced on Thursday. They, together with our significant acquisition of innovative IP, will help expedite our development on future products and allow Apple to further differentiate moving forward.”. The Intel XMM modems are a series of 4G LTE, LTE Advanced, LTE Advanced Pro and 5G modems found in many phones, tablets, laptops and wearables (sans 5g-technology) developed by Intel Mobile Communications. Apple to acquire the majority of Intel's smartphone modem business Cupertino and Santa Clara, California â Apple and Intel have signed an agreement for Apple to acquire the majority of Intelâs smartphone modem business. The acquisition includes thousands of patents, 2,200 employees, and more. Intel, a leader in the semiconductor industry, is shaping the data-centric future with computing and communications technology that is the foundation of the world’s innovations. Cupertino and Santa Clara, California — Apple and Intel have signed an agreement for Apple to acquire the majority of Intel’s smartphone modem business. Intel's already manufacturing custom chips for 3rd parties and the fact that Apple's going to use Intel's modem means there is a chance for Apple using Intel to manufacture their An chips. Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Apple Women’s Health Study releases preliminary data, Apple TV+ announces programming partnership with Nobel laureate Malala Yousafzai, Apple Hearing Study shares new insights on hearing health, New Zealand students prototype their own Samoan language app with iPad, Apple celebrates Women’s History Month and International Women’s Day, Apple helps Encircle expand its support for LGBTQ+ youth and their families. Such statements are based on management expectations as of the date of this release and, except as required by law, Intel disclaims any obligation to update these forward-looking statements to reflect future events or circumstances. Apple has agreed to acquire Intel's 5G modem business in an acquisition that highlights the iPad and iPhone maker's desire to have more direct control of its supply chain. Inspired by Mooreâs Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customersâ greatest challenges. Intel Sharpens Focus on Network Transformation and Compute at the Edge SANTA CLARA and CUPERTINO, Calif., July 25, 2019 â Intel and Apple have signed an agreement for Apple to acquire the majority of Intelâs smartphone modem business. The company’s engineering expertise is helping address the world’s greatest challenges as well as helping secure, power and connect billions of devices and the infrastructure of the smart, connected world – from the cloud to the network to the edge and everything in between. Apple and Intel jointly announced that Apple is buying Intel's smartphone modem business for $1 billion. Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Appleâs latest iPhone models exclusively use Intel chips as a result of the dispute between Apple and Qualcomm. Apple just announced that it has acquired most of Intel's smartphone modem business for $1 billion. They're mainly LTE right now, but 5G is on the horizon, and they're already specing out 6G -- yeah, 6G -- and beyond that. However, it seems that Appleâs acquisition might only start bearing fruit in 2023. Intel, the Intel logo and other Intel marks are trademarks of Intel Corporation or its subsidiaries. “We have long respected Apple and we’re confident they provide the right environment for this talented team and these important assets moving forward. Forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statements. Intel completed its sale of the "majority" of the company's smartphone modem business to Apple today. “This 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,” said Intel CEO Bob Swan.