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Apple Looks To Acquire Intel's Smartphone-Modem Chip Business For $1 Billion

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Apple Looks To Acquire Intel's Smartphone-Modem Chip Business For $1 Billion

Apple Looks To Acquire Intel's Smartphone-Modem Chip Business For $1 Billion

Apple is in talks to buy Intel's smartphone-modem business in a deal valued at $1 billion, according to The Wall Street Journal.

Business Insider reports the two companies had reportedly discussed a deal earlier this year.

The talks broke down when Apple signed a deal with Qualcomm.

Intel announced in April that it was getting out of the smartphone business.

CEO Bob Swan said, "There is no clear path to profitability.

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Apple Looks To Acquire Intel's Smartphone-Modem Chip Business For $1 Billion

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