Apple completes acquisition of Intel's mobile phone data business, claims loss of billions of dollars
04
Dec 2019

Kirsten Thomas

Apple completes acquisition of Intel's mobile phone data business, claims loss of billions of dollars

Since its announcement in July of this year, Intel announced today that Apple has completed the acquisition of most of the company's smartphone data business for $1 billion. Of an Intel employee. In response, Intel acknowledged that the transaction cost them billions of dollars.

According to reports, Apple acquired a large number of patents after the acquisition of the business, giving Apple more than 17,000 wireless technology-related patents. In fact, at the end of last year, it was reported that Apple intends to build its own mobile network data chip , but because Apple still needs time to develop, there will still be no own chip to be launched next year. It adopted Qualcomm's data chip and launched the first iPhone supporting 5G.

On the Intel side, they said they will continue to develop data chips for non-smartphone applications such as personal computers, IoT devices, and self-driving cars. However, they also pointed out that the biggest reason to exit the market is actually because its competitors Qualcomm's patents have stifled competition opportunities.