Apple to Acquire Majority of Intel’s Smartphone Modem Business
Intel and Apple have signed an agreement for Apple to acquire the majority of Intel’s smartphone modem business. The transaction is expected to close in the fourth quarter of 2019, subject to regulatory approvals and other customary conditions. During this transition period, Intel will continue to execute on its current 4G/LTE and Legacy Modem product lines and expects no change to existing orders that support these products. If you have any questions about this transaction please contact your Global Supply Management Category Manager. We thank you for your continued support through this transition period.
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