Back in July, Apple announced it would buy Intel’s smartphone modem business for about $1 billion. Today, Intel announced that it has completed the sale of its smartphone modem business to Apple. “This agreement allows us to focus on developing technology for 5G networks while retaining the key intellectual property and modem technologies that our team has created,” Intel CEO Bob Swan said in a July announcement. We have long respected Apple and we are confident that Apple will provide the right environment for this talented team and important assets that are evolving. We look forward to investing 5G to bring it to the needs of our global customer base, including network operators, telecom equipment manufacturers and cloud service providers. ”
“We’ve been working with Intel for many years and know that the team is as keen as Apple to design technologies that provide users with the best experience in the world,” said Johny Srouji, Apple’s senior vice president of hardware technology. With so many great engineers joining our growing cellular technology team, Apple is pleased that they will thrive in the creative and dynamic environment that Apple offers, and that our extensive acquisition of innovative IPs will help accelerate our development of future products and move Apple forward. ”
Currently, Apple relies on Qualcomm to supply the iPhone with 4G LTE and 5G modems. With the acquisition, Apple plans to develop its own iPhone smartphone modem in 2021.