Apple is reportedly in talks to buy Intel’s 5G modem business for $1 Billion

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Apple is reportedly in talks to buy Intel’s smartphone modem business for $1 billion. According to a report of The Wall Street Journal today that a deal could be announced as early as next week.

Apple has been working on its own chips for quite some time. Acquiring Intel’s technology could help the iPhone maker accelerate its plans.

16 April Intel announced that it will stop working on modems for 5G, the next-generation of wireless technology expected to supercharge mobile connections.

Intel CEO Bob Swan said that Intel had abandoned the modem business directly because of the Apple settlement without Apple as a customer, the company concluded that it just didn’t see a path forward.

Now, a deal for Apple to acquire the Intel’s business, covering a portfolio of patents and staff valued at $1 billion or more, could be reached in the next week, reports The Wall Street Journal.

Now, Apple has long been Intel’s only major customer for modems — nearly every other major Android phone relies on either Qualcomm or in-house solutions.

Also Intel had been working on a chipset for the company, with the chip expected to be part of iPhones by 2020.

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