Context News

Apple is in advanced talks to buy Intel’s phone-modem unit, the Wall Street Journal reported on July 22. Apple could pay more than $1 billion for the associated patents and staff.

Apple agreed in April to a multiyear license and modem-purchasing agreement with Qualcomm. On the same day, Intel said it would exit the business of making 5G modems. Apple uses current generation 4G modems from Intel in its phones.

The chipmaker bought its smartphone-chip business from Infineon Technologies in 2011 for $1.4 billion, but the unit has lost about $1 billion annually in recent years.