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July 26, 2019 | Via CNBC

Apple Plans to Buy Intel’s Wireless Chip Unit for $1 Billion

Apple has agreed to buy the majority of Intel’s smartphone modem division, the companies announced on Thursday. Apple currently purchases Intel modems for iPhones, which allow it to connect to networks operated by carriers such as Verizon and AT&T. But in April, Intel announced that it planned to leave the smartphone modem market because Intel had “no clear path to profitability and positive returns.

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