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Apple’s $1 Billion Intel Modem Deal: The Winners and the Losers

fortune.com

After trying, and failing, to crack the smartphone wireless modem business, Intel sold what remained of its efforts to Apple Thursday for $1 billion.

The iPhone maker will get the rights to all of Intel's intellectual property around modems, as well as some 2,200 new employees, along with all of their offices and equipment. Intel was the sole supplier of modems for last year's iPhones, but Apple didn't buy the business to supply the next few years of iPhone upgrades...

Mentions: Intel Apple