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Technological innovation company Apple acquires Intel’s smartphone modem business for $1 billion. Intel holds the option to develop modems for non-smartphone applications, such as PCs, and autonomous vehicles and other applications.

Details provided below:

  • After this transaction Intel will focus on developing technology for 5G networks.
  • Semiconductor industry leader Intel, is shaping the data-centric future with computing and communications technology that is the foundation of the world’s innovations.
  • Intel’s engineering expertise helps to 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 has revolutionized personal technology in 1984 with the introduction of the Macintosh.
  • Apple at present leads the world in innovation with iPhone, iPad, Mac, Apple Watch and Apple TV.
  • Apple’s four software platforms — iOS, 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.
  • Apple’s provides employment to around 100,000 people worldwide. The Apple’s team is dedicated to making the best products on earth, and to leaving the world better than we found it.

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