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

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

Description

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.

Added on the 23/07/2019 06:49:21 - Copyright : Wochit

To customise your video :

Generic export code

More videos on the subject

Apple Introduces M1 Chip

11/11/2020 - Wochit
Sony May Buy Crunchyroll For Nearly $1 Billion

30/10/2020 - Wochit
McDonald's Fires Back: Black $1 Billion Discrimination Suit

Hollis Johnson/Business Insider On Friday, McDonald's filed a motion to dismiss a $1 billion racial-discrimination case filed by Black former franchisees. McDonald's legal counsel, former US attorney general Loretta Lynch, said in a statement that "there are legal deficiencies in the complaint that merit dismissal at this early stage." Black former franchisees sued McDonald's in late August, alleging they were forced to close or sell more than 200 locations due to "systematic and covert racial discrimination" at the fast-food giant.

23/10/2020 - Wochit
Goldman Sachs Lands GM's $2.5 Billion Business

Ramin Talaie/Corbis/Getty Images Goldman Sachs won the bid for General Motors' credit-card business for roughly $2.5 billion, The Wall Street Journal reported Thursday. The Wall Street giant beat out Barclays, acquiring more than one million GM cardholders and the $8.5 billion they spend annually, according to The Wall Street Journal. This is Goldman Sachs' second co-branded card, following the Apple Card, as it looks to expand its consumer-lending business. The bank recently shuffled its organizational structure to create a new standalone consumer division that includes its Marcus lending unit.

02/10/2020 - Wochit
Apple working on in-house modem

Apple is reportedly working on its own in-house modem to compete with Qualcomm.

18/12/2018 - BANG Showbiz
Apple to Repay €13 billion to Ireland for 'Illegal' Tax Benefits

The multinational technology company Apple has been ordered to repay up to 13 billion euros ($14.5 billion) in tax benefits back to the Republic of Ireland due to an "illegal" breach of EU state aid rules, confirmed European Commissioner for Competition Margrethe Vestager from Brussels, Tuesday.

30/08/2016 - RT Ruptly EN