Apple buys Intel's smartphone modem unit in $1 billion deal

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Apple is purchasing Intel's smartphone modem unit for $1 billion
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Apple is purchasing Intel's smartphone modem unit for $1 billion

The deal covers about 2,200 Intel employees, intellectual property, leases and equipment

Apple is to acquire Intel's smartphone modem business in a $1 billion deal. The transaction, which had been anticipated earlier this week, is expected to close in the fourth quarter of 2019, subject...

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