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Apple acquires Intel’s smartphone modem business for $1bn

Apple acquires Intel's smartphone modem business for $1bn_50.1

Apple has announced the acquisition of chip-maker Intel”s smartphone modem business for $1 billion.

This agreement enables to focus on developing technology for the 5G network while retaining critical intellectual property and modem technology. Intel had been working on a chipset for the iPhone maker, with the chip expected to be part of iPhones by 2020.

Static/Current Takeaways Important For SBI Clerk Main :

  • Present CEO of Apple: Tim Cook.

Source: The DD News

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