Apple, the world's leading technology company, wants to make itself self-sufficient in the chip segment. The company is considering buying Intel's 5G modem chip business. This is reported in a report. According to this, the deal could be in the usofer$1 billion. It is also being said that it could be announced by the company next week. Intel announced the closure of its 5G modem business in April. Let's know the full details
According to media reports, Apple had been considering reducing its dependence on Qualcomm for quite some time. At the same time, it was trying to make itself self-sufficient in the sector. Investing in the mobile chip unit to increase smartphone efficiency. Intel had earlier this year said it was trying to get out of competition in the smartphone chip case. Intel had said it was considering closing its business. The move came after Apple signed an agreement with Qualcomm. The company's CEO Bob Swan had said that after Apple's partnership with Qualcomm, their modem business has become unprofitable. Without Apple, it would be difficult to move this business forward.
Tell you for your information that Intel is looking for a different strategy for its modem chip business. The company is considering selling its business to Apple or another company. The company, however, has expressed interest in several companies for the purchase of Intel's business. Intel has also appointed The Goldman Sachs Group.
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