Intel Completes $1B Sale of Most of Its Smartphone Modem Business to Apple
Intel completed the sale of most of its smartphone modem business to Apple for $1 billion, Intel said Monday. About 2,200 employees will leave for Apple under the midsummer deal in which Intel will keep rights to develop modems for…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
non-smartphone applications, such as PCs, IoT devices and autonomous vehicles (see 1907250072). Intel abandoned the 5G smartphone modem business in April, saying it saw “no clear path to profitability and positive returns" (see 1904170004).