Apple held talks with Intel about buying its smartphone-modem business, as the iPhone maker pushes into developing wireless tech for its devices
Apple Inc. held talks with Intel Corp. about acquiring parts of its smartphone-modem chip business, according to people familiar with the matter, a potential multibillion-dollar deal that would accelerate the iPhone maker’s efforts to develop wireless technology for its devices.
The talks started around last summer and continued for months before halting recently, around the time Apple reached a multiyear supply agreement for modems from Intel rival Qualcomm Inc., some of the people said.
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