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Apple Inc. (NASDAQ:AAPL) in discussions to buy Intel Corp.’s (NASDAQ:INTC) German modem division

  • Apple Inc. (NASDAQ:AAPL) is in discussions with Intel Corp. (NASDAQ:INTC) to purchase the German division of Intel’s modem business.
  • The news comes as Intel looks to dispose of its modem business in bits as it looks to divest from the modems industry segment completely.

However, there is no guarantee that the two companies will seal a deal, given that Apple recently settled a massive legal battle with Qualcomm, which is Intel’s biggest competitor.
The settlement led to a deal that requires Apple to keep buying Qualcomm modem chips for years.
Despite the deal with Qualcomm, Apple has long wanted to build its own modems and has hired several executives from Intel’s German modem division.