Deals
Apple Is in Talks With Intel for Cellular Modem Unit
- Deal could help Apple reduce reliance on Qualcomm’s technology
- Intel unit’s assets could be valued at about $1 billion
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Apple Inc. is negotiating to buy Intel Corp.’s struggling cellular modem unit, said a person familiar with the matter.
A deal would give Apple key engineering talent and patents that would help it develop new devices to connect to the mobile internet. The Intel assets could be valued at about $1 billion in a transaction, said the person, who asked not to be identified because the matter was private.