Apple is in advanced talks to buy assets from Intel's modem chip business, potentially acquiring patents and staff valued at $1 billion or more, the Wall Street Journal reported on Monday. Intel currently provides LTE modem chips for Apple's latest generation of iPhones. Qualcomm, the leading smartphone modem maker, dropped over 2% following the news, whilst Apple shares remained flat. Microsoft is investing $1 billion in Elon Musk's OpenAI to build artificial intelligence that can tackle more c ....
23 Jul 2019
Apple to buy Intel’s modem chip business, Microsoft invests $1bn in OpenAI, Tencent invests in London gaming platform
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Apple to buy Intel’s modem chip business, Microsoft invests $1bn in OpenAI, Tencent invests in London gaming platform
Bidstack Group Plc (BIDS:LON), 0 | Frontier Developments Plc (FDEV:LON), 204 | Gfinity PLC (GFIN:LON), 0.0 | Team17 Group PLC (TM17:LON), 275
- Published:
23 Jul 2019 -
Author:
Kartik Swaminathan -
Pages:
4
Apple is in advanced talks to buy assets from Intel's modem chip business, potentially acquiring patents and staff valued at $1 billion or more, the Wall Street Journal reported on Monday. Intel currently provides LTE modem chips for Apple's latest generation of iPhones. Qualcomm, the leading smartphone modem maker, dropped over 2% following the news, whilst Apple shares remained flat. Microsoft is investing $1 billion in Elon Musk's OpenAI to build artificial intelligence that can tackle more c ....