Apple now owns Intel's smartphone modem business

Apple has completed its acquisition of Intel's mobile modem business. The deal was announced back in July with a value of US$1 billion (around CA$1.3 billion). Apple plans to leverage Intel's modems to develop its technology, particularly when it comes to its iPhones. The goal is for the company to lessen its reliance on third-party suppliers for its components.

In the meantime, you can still expect Apple to use Qualcomm's modems. The two feuding companies reached a US$4.5 billion (around CA$6 billion) settlement back in May, resuming their business with each other. As for Intel, the company can still develop its 5G networks and modems, but for non-smartphone applications like in vehicles and PCs.