World-famous smartphone maker Apple has bought chipset manufacturer Intel's smartphone modem division. According to the report, the deal has been bought for $1 billion, or about $69 billion. The leaked reports of the deal between Apple and Intel were already coming to light, but now it has been sealed. For Apple's upcoming wireless technology, the deal will matter a lot. Let us know the full details

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Qualcomm and Intel have also ended the dispute with the company's big deal. Apple made the deal after Intel announced the closure of its 5G modem business in April this year. In fact, Apple had been trying for a long time to reduce its dependence on Qualcomm for mobile chipsets and the company would work on it on its own. The deal means a lot to Apple.

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With the deal received, Apple will employ about 2,200 employees of Intel by the end of the year and take 17,000 patents of wireless technology. The deal between Intel and Apple is said to be completed between October and December this year. Qualcomm's grip in the chipset business is believed to be strong, while Intel will be significantly weaker. Intel bought Infineon Technologies' smartphone modem division for $1.4 billion in 2011.

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